restructure
v. B2 Upper Intermediate US //ɹiˈstɹəktʃɝ// UK //ɹɪstɹˈʌktʃɐ// re·struc·ture
v. to change the way a company or system is organized. This is often done to make it work better or to save money.
v. to alter the internal structure or organization of an entity, such as a corporation or a debt agreement. Often involves significant changes to management, operations, or financial obligations to improve efficiency.
The company decided to restructure its marketing department.
After three years of falling profits, the board voted to restructure the entire organization to reduce overhead costs.
The legal team worked through the night to restructure the debt before the deadline, ensuring the firm could avoid bankruptcy while maintaining its core assets.
From re- + structure.
Usage
The verb is transitive and takes a direct object.