# Xbox CEO says no new IP survival

> Xbox CEO claims division won't survive without new IP despite cutting key studios.
- Title: Xbox CEO says no new IP survival · Polygon | Shortify
- Summary: Xbox CEO claims division won't survive without new IP despite cutting key studios. Xbox CEO Asha Sharma says the division won't survive without new IP after…
- Keywords: xbox, microsoft, asha sharma, studio, job cuts, halo, obsidian, fallout, id software, doom, gaming, CEO
- Source: Polygon — https://polygon.com/microsoft-new-ip-comments-ceo-asha-sharma-hypocrisy
- Author: Elijah Gonzalez
- Published: 2026-10-13T16:22:58+00:00
- Read time: 1 min
- Topics: xbox, microsoft, asha sharma, ip, studio, job cuts, halo, obsidian, fallout, id software, doom, gaming
## Xbox reset
Xbox CEO Asha Sharma says division won't survive without new IP.

> We will not survive if we only revive the past
## Job cuts and studio moves
Xbox cut 1,600 jobs and moved studios like Obsidian under Bethesda.

> We’re backing our strongest franchises
## Key studios axed
Microsoft cut Double Fine, Ninja Theory, Compulsion Games, and Undead Labs.

> Microsoft stopped funding all four studios
## New IP projects
Double Fine made Kiln and Keeper; Ninja Theory created Hellblade series.

> Double Fine is known for out-there concepts
## Hypocrisy
Xbox CEO's comments clash with cutting studios that created new IP.

> Essentially, Sharma’s words do not match the company’s actions
## Key takeaway

Xbox CEO Asha Sharma says the division won't survive without new IP after cutting studios that created fresh games.