Restructuring Methods

Downsizing: Involves reducing the size of the workforce, closing non-profitable units, or divesting assets to cut costs and improve profitability.
Outsourcing: Involves contracting external vendors or service providers to perform certain functions or processes that were previously handled internally.
Mergers and acquisitions: Companies may merge with or acquire other organizations to gain synergies, consolidate operations, or expand into new markets.
Business process reengineering: Involves redesigning core business processes to improve efficiency, reduce redundancies, and enhance customer value.
Organizational redesign: Companies may restructure their departments, reporting lines, or hierarchies to streamline decision-making and improve agility.