reorganization

[ree-awr-guh-nuh-zey-shuhn]

noun

1. the act or process of reorganizing; state of being reorganized.

2. Finance.,  a reconstruction of a business corporation, including a marked change in capital structure, often following a failure and receivership or bankruptcy trusteeship.

reorganization

/ ˌriːɔːɡənaɪˈzeɪʃən /

noun

1. the act of organizing or the state of being organized again

Word History and Origins

Origin of reorganization¹

First recorded in 1805–15; re- + organization

Example Sentences

The reorganization, according to a memo circulated on Wednesday, will involve some Whole Foods leaders taking on more Amazon projects.

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“No one has suggested that BDO engaged in any inappropriate conduct or otherwise asserted any form of claim against the firm in connection with First Brands’ decision to seek a bankruptcy reorganization.”

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A State Department official attributed the removals to a department reorganization and said that analysts in the bureau’s Russia-Eurasia group weren’t targeted and the office remains able to conduct important assessments.

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On Wednesday, Axios reported External link that the company will begin to lay off 600 workers across its AI units in a reorganization effort.

Read more on Barron's

Rather than negotiating to extend that pact, Pitchford and his team MCE have been working on plans for a dramatic reorganization.

Read more on Los Angeles Times

Related Words

• restructuring www.thesaurus.com