Corporate restructuring refers to 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, the sale of assets, or the merging of departments. The goal is often to enhance profitability and competitiveness. Restructuring can also occur during financial distress, where a company may need to reduce debt or streamline operations to survive. This process may include layoffs, renegotiating contracts, or seeking new investments. Ultimately, corporate restructuring aims to create a more sustainable and effective business model.