Corporate restructuring refers to the process of reorganizing a company's structure, operations, or finances to improve efficiency and profitability. This can involve changes in management, the sale of assets, or the merging of departments. The goal is often to adapt to market changes, reduce costs, or enhance competitiveness. Restructuring can take various forms, such as mergers and acquisitions, bankruptcy proceedings, or divestitures. Companies may also implement new strategies or technologies to streamline operations. Ultimately, corporate restructuring aims to create a more sustainable and effective business model.