Recently, Microsoft dispelled rumors suggesting that Phil Spencer, the leader of Xbox, might retire by 2027. Spencer has been a key figure at Microsoft since joining in 1988 and took on his role with the Xbox team in 2001.

Currently, he oversees Microsoft’s gaming division, yet speculation arose due to expected changes with the release of the next-gen Xbox console.

The following excerpt from Kari Perez, the head of Xbox communications, counters the rumor:

“Phil is not retiring anytime soon.”

Moreover, Frank Shaw, Microsoft’s Chief Communications Officer, commented on the rumors being unfounded, noting they were completely fabricated.

As Phil Spencer reaches 57 in 2025, questions about his future arise, but there are no imminent plans for his exit from Microsoft, indicating he could remain with the company into the 2030s. Amid ongoing layoffs affecting the company, Spencer has acknowledged the need for tough decisions to ensure Xbox’s success, alongside his encouragement for impacted employees to apply for roles in Microsoft’s gaming sector, where their applications receive prioritization.