reorganize
verb [ I or T ]
(UK also reorganise) uk/ˌriːˈɔːɡənaɪz/ us HR, MANAGEMENT, FINANCE
to change the way in which something such as a company is organized, in order to improve it:
He hired turnaround specialists to help reorganize the company.
They announced that they would cut 10% of their staff, close plants, and reorganize the business.
Continental survived after a new team of managers reorganized its finances.