Organizational Restructuring

Organizational restructuring refers to a process where a company changes its structure to improve efficiency, adapt to market changes, or address performance issues. This can involve altering departments, redefining roles, merging or splitting teams, or changing management levels. The goal is to streamline operations, enhance communication, and ultimately improve the company’s performance. Restructuring may happen due to financial challenges, the need for innovation, or shifts in business strategy. While it can lead to job changes or layoffs, it also aims to create a more effective and competitive organization.