What is Restructuring?
Restructuring is the process of reorganizing or reshaping a company or organization in order to improve its performance, competitiveness, or financial position. It typically involves making changes to the company's structure, operations, and/or management, and can involve things like downsizing, divestitures, mergers, and acquisitions.
There are many different reasons why a company may undertake a restructuring, such as to improve efficiency, reduce costs, increase profitability, or respond to changing market conditions. Restructuring can also be used to address financial problems, such as debt or insolvency.
Restructuring can be a complex and challenging process, and it can have significant impacts on the company's employees, customers, and stakeholders. It is often accompanied by changes to the company's business model, strategy, and culture, and it can involve significant changes to the way the company operates.