Business restructuring is the process of reorganizing a company's structure, operations, or finances to improve efficiency and adapt to changing market conditions. This can involve changes in management, workforce adjustments, or the reallocation of resources to better align with strategic goals. Companies may pursue restructuring to address financial difficulties, enhance competitiveness, or streamline operations. It often includes mergers, acquisitions, or divestitures, allowing businesses to focus on core activities and improve overall performance. Effective restructuring can lead to increased profitability and long-term sustainability.