restructure

verb

1. To change the organization of.

   “On Tuesday, a proposal to fundamentally restructure the Minneapolis police department in the wake of George Floyd’s death in 2020 was soundly defeated, a setback that even many Democrats acknowledged could be laid at the feet of the “defund the police” movement that some within the party embraced last summer.”

2. To modify the terms of a loan, providing relief to a debtor who would otherwise be forced to default.

   “Valencia were in crisis, a club with two stadiums – one they could not sell and one that they could not afford to finish building – and a debt of €230m, the repayment of which was restructured.”

noun

1. A reorganization.

   “We found this in the 1990s when organisations went through some fairly severe restructures.”