Companies across the world are changing.
Some are changing in response to changes in the economy, while others are changing in response to changes in technology.
The point is that they are changing. That is not a surprise as we are hearing about layoffs and changes in direction all the time. For example:
SAN FRANCISCO, July 17 (Reuters) – Amazon (AMZN.O), cut at least hundreds of jobs in its Amazon Web Services cloud computing unit on Thursday, two sources said, just a month after CEO Andy Jassy warned that adoption of generative AI tools would trigger a workforce reduction.
The Olympian. July 15: Redmond-based Microsoft announced earlier this month that it’s laying off about 9,000 employees. The news comes weeks after the tech giant said it’d be letting some 6,000 workers go. The software company contends it’s boosting its agility by trimming down layers with fewer managers, cuts that coincide with recent investments in AI. The most recent round of layoffs amounts to less than 4% of Microsoft’s global workforce. “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” a Microsoft spokesperson said in an email.
What does change like this mean for internal audit?
Here’s the principle I believe in:
Internal audit should be…
