restructuring

Definition

The corporate euphemism for firing people and shuffling departments while pretending it's all part of a strategic master plan. Companies restructure when they need to look busy or when consultants need to justify their fees. It's like rearranging deck chairs on the Titanic, except sometimes it actually works and the ship doesn't sink.

Example Usage

The CEO announced a major restructuring, which was HR-speak for 'update your LinkedIn profiles, folks.'

Source: Common corporate terminology

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