What does restructuring mean?
The act of reorganizing or rearranging something, especially a business or organization, in order to make it more efficient or effective. This can involve changes to its structure, management, or operations.
Example
"The company underwent significant restructuring after the economic downturn, resulting in a more streamlined and profitable business model."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.