Meaning of the word restructuring in English

What does restructuring mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

restructuring

US /ˌriːˈstrʌk.tʃɚ.ɪŋ/
UK /ˌriːˈstrʌk.tʃər.ɪŋ/

Noun

the act of reorganizing a company, system, or government, often to make it more efficient or profitable

Example:
The company announced a major restructuring to improve its financial performance.
The government is planning a restructuring of the public education system.