{"id":138594,"date":"2026-07-10T12:22:23","date_gmt":"2026-07-10T16:22:23","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/ceo-under-fire-for-mass-layoffs-amid-foreign-worker-hiring-spree-now-appointed-to-feds-task-force-on-jobs-138594"},"modified":"2026-07-10T12:22:23","modified_gmt":"2026-07-10T16:22:23","slug":"ceo-under-fire-for-mass-layoffs-amid-foreign-worker-hiring-spree-now-appointed-to-feds-task-force-on-jobs","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/ceo-under-fire-for-mass-layoffs-amid-foreign-worker-hiring-spree-now-appointed-to-feds-task-force-on-jobs-138594","title":{"rendered":"CEO under fire for mass layoffs amid foreign worker hiring spree now appointed to Fed’s task force on jobs"},"content":{"rendered":"
\n

The CEO of a popular U.S. gaming brand on Thursday was appointed to a high-level Federal Reserve task force<\/a> despite ongoing fury over her company’s recent firing of 1,600 workers while being approved to hire thousands of foreign visa workers.<\/p>\n

Asha Sharma, who heads Microsoft’s XBOX division<\/a>, announced the layoffs earlier this week. Microsoft said that it will lay off 4,800 people in total, while it had been approved earlier this year to hire 2,273 foreign H-1B visa employees, according to\u00a0data<\/a>\u00a0from U.S. Citizen and Immigration Services (USCIS).<\/p>\n

At the height of the wrath over the layoffs this week, the Federal Reserve moved forward with appointing Sharma to a newly-created advisory role within the central bank.<\/p>\n

FURY ERUPTS AS US BRAND FIRES 1,600 EMPLOYEES AFTER SECURING THOUSANDS OF FOREIGN WORKER VISAS<\/strong><\/a><\/p>\n

Sharma will serve on a task force on “Productivity and Jobs<\/a>” alongside Andreessen Horowitz co-founder Marc Andreeson and Stanford University economics professor Charles I. Jones.<\/p>\n

“The Federal Reserve’s commitment to price stability and maximum employment is unwavering. As is our resolve to pursue our mandate with rigor,” said new Federal Reserve Chairman Kevin Warsh in a statement on the appointments.<\/p>\n

“Each task force will carefully consider whether policymakers’ means and methods, analytical tools and policy approaches can be improved upon,” he continued. “I am honored that the best minds from a range of disciplines have agreed to work with us to sharpen our performance as an institution.”<\/p>\n

Many of the same critics who raged at Sharma, XBOX and Microsoft over the perceived replacement of American employees with foreign visa workers<\/a> continued their tirades after the announcement.<\/p>\n

TRUMP TAPS ACTING LABOR SECRETARY KEITH SONDERLING FOR PERMANENT ROLE PENDING SENATE CONFIRMATION<\/strong><\/a><\/p>\n

“It\u2019s like asking El Chapo to lead the DEA,” one person said online<\/a>.<\/p>\n

Another critic said<\/a> the Federal Reserve is trying to “incentivize” mass layoff of American workers in favor of foreign ones with their hiring of the XBOX executive.<\/p>\n

“The Federal Reserve needs help firing Americans,” another person quipped.<\/p>\n

A fourth person called the move<\/a> “totally unexplainable”<\/p>\n

FTC CHIEF ACCUSES DEMOCRATS OF ‘TRYING TO PROTECT THE FRAUDSTERS’ BY WITHHOLDING DATA FROM TRUMP ADMIN<\/strong><\/a><\/p>\n

Some have claimed a racial component to the importation of H-1B visa workers, the vast majority of whom come from India. Sharma has Indian heritage but was born in Wisconsin.<\/p>\n

“Reminder that she had zero gaming experience when she was promoted to run Xbox, and she has zero finance or economic experience now that she’s promoted to advise the Federal Reserve, said one X user<\/a>. “Her one function is to purge white Americans and replace them with Indian cheap foreign labor.”<\/p>\n

XBOX and the Federal Reserve did not return Fox News Digital’s requests for comment.\u00a0<\/p>\n

Meanwhile, Vice President JD Vance announced<\/a> on Tuesday a large-scale investigation into H-1B visa fraud<\/a>.<\/p>\n

“Today, I\u2019m proud to announce that the federal Department of Labor has started dozens of subpoenas and investigations into foreign fraudsters who are trying to take advantage of the H-1B visa program,” he said during a press conference in Milwaukee, Wisconsin.<\/p>\n

“American jobs ought to go to American workers and not foreign fraudsters and the Department of Labor is fighting back against it.”<\/p>\n

Microsoft sent a statement to Fox News Digital on Thursday in the wake of the pushback on the company’s H-1B program, and offered reasoning for the layoffs.<\/p>\n

“These decisions are based on business need, not visa status,” a Microsoft spokesperson insisted. “H-1B employees were also impacted by job eliminations in the U.S.”<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/ceo-under-fire-mass-layoffs-amid-foreign-worker-hiring-spree-now-appointed-feds-task-force-jobs <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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