The Xbox CEO said Microsoft was ready to do "whatever it takes" to return its gaming division to success.

Xbox plans to lay off 3,200 workers by the end of the current fiscal year

Asha Sharma has said that Xbox needs to reset its business

Xbox has parted ways with a number of its game studios

Xbox CEO Asha Sharma has said that Microsoft does not plan to sell its beleaguered gaming division. The executive's comments arrive in the wake of a major round of cuts at the company that brought layoffs, studio restructuring, and reported project cancellations. A report this year claimed that Microsoft, after years of investment, was looking to cut its losses and spin off Xbox. In a new interview, Sharma said that wasn't part of her plans for the division.

“Xbox is not for sale,” she told The New York Times. “We will do whatever it takes to set the company up for success, and we will look at the right partnerships, the right operating model and everything needed to achieve that

Sharma's comments appeared in a new profile in the paper on Wednesday, covering the many challenges staring at Xbox and her plans to revive the company's business