Final answer:
The term 'restructuring' refers to internal company changes designed to reduce costs and improve efficiency, often following a merger or acquisition which can result in departmental consolidation and workforce reduction.
Step-by-step explanation:
The concept being discussed in the question pertains to measures that a company can take to reorganize internal operations in order to streamline processes and save costs, possibly in alignment with company partnerships. This situation is commonly referred to as restructuring. When businesses undergo restructuring, they may employ various strategies such as merging similar departments, optimizing operations to reduce unnecessary calls, and possibly reducing the workforce to minimize duplication and maximize efficiency. Additionally, when a merger or an acquisition occurs, typically a consolidation of services unfolds, leading often to the described organizational modifications and downsizing, which can have significant effects on the employees and the culture of the organizations involved.