What is Restructuring? Definition or Meaning

Have you ever moved around furniture in your living room? Well, restructuring in a company has a similar aim: to change things around, sometimes completely getting rid of things, hoping for a better outcome. Specifically, a company restructure involves advertising management roles and hiring new staff.

For example…

Troubled former Internet search giant Yahoo has had several restructuring attempts in the past. From traditional management role restructuring to closing off entire offices, laying off staff, strategy realignments and entertaining offers of being sold, Yahoo has certainly kept business reporters busy in covering news about the realignments. The restructuring attempts are mostly done in a bid to meet rising costs and keep abreast with the competition like that of Google and Facebook.