corporate restructuring

noun

1. a change in the business strategy of an organization resulting in diversification, closing parts of the business, etc, to increase its long-term profitability

Example Sentences

The job-shedding will further shrink the industry’s rank and file after a yearslong diet of layoffs, attrition and corporate restructuring that has made Big Oil much leaner.

Read more on The Wall Street Journal

OpenAI is also planning to complete a corporate restructuring by the end of the year that would give its for-profit arm independence from the nonprofit that currently governs it, according to a person familiar with the matter who asked not to be identified discussing private information.

Read more on Los Angeles Times

Mr Galeazzi was the chief executive of Galeazzi & Associados, a corporate restructuring and crisis management firm based in São Paulo.

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The layoffs, which the company described as part of a corporate restructuring, come as major publishing companies have been buffeted by sluggish print sales and rising supply chain costs, and have struggled to find new ways to get books in front of customers who have migrated online.

Read more on New York Times

The bankruptcy petition is signed by CEO Jonathan Tibus, a corporate restructuring specialist who took the top post at Red Lobster in March.

Read more on Seattle Times