restructuring
v. C / U B2 Upper Intermediate US //ɹiˈstɹəktʃɝɪŋ// UK //ɹɪstɹˈʌktʃəɹɪŋ// re·struc·tur·ing
v. the act of changing how a company or organization is organized. This usually happens to make the business more efficient or to save money.
v. the process of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable or better organized.
The company is going through a major restructuring this year.
After the merger, the board announced a massive restructuring to eliminate duplicate roles across the two firms.
The proposed corporate restructuring involves spinning off the underperforming retail division to focus resources on high-growth technology sectors.
Usage
Often used as an uncountable noun for the general process, but countable when referring to a specific instance or plan.