reorganize

An organization reorganizes when it changes its way of doing things, often rearranging how tasks are assigned or creating new departments.

You might hear about a company reorganizing after they've grown too big for their current structure. This means they're making some significant changes to the way their teams work together and what each team is responsible for. Maybe one department will be merged with another, or maybe a new division will be created to focus on a specific area of business. The goal of reorganizing is usually to become more efficient and productive, but it can also mean letting go of some employees or closing certain offices.