# Hundreds of layoffs and many cancelled projects later, Xbox CEO Asha Sharma reportedly says 'we will not survive' without new IPs

> Thousands of layoffs, a couple of booted studios, and a re-organisation of Obsidian away from its newer projects and onto Fallout later, Xbox CEO Asha Sharma has reportedly taken to an internal town hall and talked…

- **Source:** [Pcgamer](https://www.pcgamer.com/gaming-industry/hundreds-of-layoffs-and-many-cancelled-projects-later-xbox-ceo-asha-sharma-reportedly-says-we-will-not-survive-without-new-ips/?utm_source=gearopen.com&utm_medium=referral&utm_campaign=feed&utm_content=6ace4cdbe9b5454c479e9596)
- **Published:** 2026-10-13
- **Category:** Gaming
- **Tags:** #xbox #windows
- **Canonical:** http://localhost:4321/a/6ace4cdbe9b5454c479e9596

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_GearOpen's distilled summary. The full original article is published at Pcgamer (source link above); GearOpen does not republish the source's full text._