THE FUSE

Much ink has been spilled already about what the latest round of mass layoffs at Xbox means for the future of Microsoft’s gaming business, including by its own leaders. One thing that’s becoming clear is that even as the company retreats into its biggest blockbuster franchises, Microsoft’s ambitions still go well beyond having a strong Xbox console ecosystem. “I think our core has to be healthy, and that will be necessary but not sufficient,” Xbox CEO Asha Sharma said in a new interview with Fortune.