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 adjustments, or the reallocation of resources. Companies often pursue restructuring to enhance profitability or to recover from financial difficulties. In some cases, restructuring may include merging with another company or selling off parts of the business. It can also involve implementing new strategies or technologies to streamline operations. Overall, restructuring aims to create a more effective and competitive organization in the marketplace.