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Higher interest rates and economic uncertainty fueled a surge in organizational restructuring in recent years and have set the stage for another potential increase. 2023 saw a 68% jump in bankruptcies compared to the previous year.
Many companies are closely monitoring potential economic improvements, including rate cuts and favorable geopolitical shifts, as they are impacted by tightened margins. Corporate restructuring will likely remain on the agenda as companies seek to swiftly adapt to changing market conditions, enhance operational efficiency, and ensure long-term financial sustainability.
Contents
What is organizational restructuring?
The role of HR in organizational restructuring
Types of organizational restructuring
7 organizational restructuring strategies for
