Restructuring involves significant changes to a company's organization, operations, or financial structure. Businesses undertake corporate restructuring to...
Companies restructure for various reasons, including improving financial performance, adapting to market changes, responding to economic downturns, managing debt, or preparing for mergers and acquisitions.
Common types include financial restructuring (e.g., debt refinancing), operational restructuring (e.g., process improvements, layoffs), and organizational restructuring (e.g., management changes, mergers, spin-offs).
Restructuring can significantly impact employees, often leading to layoffs, department consolidations, job role changes, or altered work environments, though it can also create new opportunities or a more stable company.