Xbox chief Phil Spencer has just announced to employees that he's leaving Microsoft after 38 years. In a memo entitled "A new chapter for Microsoft Gaming," Spencer reveals to Xbox employees that he made the decision to retire from Microsoft last fall.

He also reveals Xbox president Sarah Bond is leaving Microsoft, triggering a big change in management at Xbox. Asha Sharma, currently the president of CoreAI product at Microsoft, is stepping into the Microsoft Gaming CEO role, reporting directly to Microsoft CEO Satya Nadella.

Here's Phil Spencer's full memo on his retirement:

When I walked through Microsoft's doors as an intern in June o …

Read the full story at The Verge.

Xbox chief Phil Spencer is leaving Microsoft after nearly 40 years at the software giant. Xbox president Sarah Bond is also leaving Microsoft, in what is a major shake-up to the management of Xbox and Microsoft's gaming efforts. Asha Sharma, currently president of CoreAI product, is taking over as CEO of Microsoft Gaming.

Microsoft CEO Satya Nadella announced Phil Spencer's retirement in a memo to all Microsoft employees today. "Last year, Phil Spencer made the decision to retire from the company, and since then we've been talking about succession planning," says Nadella. "I want to thank Phil for his extraordinary leadership and partnershi …

Read the full story at The Verge.