Corporate restructuring is the process of reorganizing a company's management, finances, and operations to improve the efficiency and effectiveness of the company. Changes in this area can help a company increase productivity, improve the quality of products and services, and reduce costs.
The United States of America is currently in the midst of a “corporate restructuring” under president DONALD TRUMP (78) and his Department of Government Efficiency (DOGE), which is being run by controversial South African tech billionaire ELON MUSK (53).
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There are three types of corporate restructuring: divestment, legal restructuring and cost restructuring.
Trump and Musk are employing all three strategies in an effort to reduce wasteful government spending and close the gap in America's $1.2 trillion trade deficit. The average American may not fully understand the impact that government deregulation (legal restructuring) and tariffs (cost restructuring) have on his/her life, but we have ample experience with layoffs, buyouts and shutdowns (divestment).
Change often brings anxiety and uncertainty, but with the right mindset and strategies, you can not only survive, but also thrive during this transition.
Source: Forbes