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, workforce, or business strategies, often aimed at reducing costs or increasing profitability. Companies may undergo restructuring during financial difficulties or to enhance competitiveness. It can include mergers, acquisitions, or divestitures, where parts of the business are sold off. Corporate restructuring is a common practice in various industries, helping organizations to realign their goals and resources effectively.