reorganizere·or·gan·ize /riːˈɔːgənaɪz-ˈɔːr-/ (also reorganise British EnglishBrE) verb [intransitiveI, transitiveT] if a company reorganizes or is reorganized, the structure and working arrangements are changedManagement decided to reorganise the business, and 10 offices were closed.
It’s in our economic interest to focus, reorganize, compete and improve.
The bank reorganized its workforce into teams.