Based on their own statements, and rumors, it sounds like Matt and Asha have been told fix it soon or else.
Everyone's all smiles except for those getting laid off and MS has mostly been mum on not really letting on how bad things have gotten while some have speculated for years about this as MS shuffled numbers for Xbox in its financials (I seem to remember a story about this around 6 months to a year ago).
MS worried about survival, nope not in the slightest but if these two don't manage to turn things around Xbox could end up being something entirely different from what we know now. Essentially a company that exists as a brand with no hardware and very little software. How many studios do they plan to keep and how do they hope to keep release timelines in check if too many are let go? It was just the other day someone said they wanted to cut down on long release windows and you can't achieve both, or may be you can if you replace them all with AI.
I also find it strange that things have gone silent regarding the gaming handheld front after the Ally Xbox. Intel has things planned but nary a peep from MS regarding its Xbox push that began with ASUS.