Business restructuring is the process of changing a company's legal, operational, and financial structure to improve its efficiency, profitability, and cash flow. Restructuring can include refinancing, streamlining, and corporate simplification. 

Here are some types of restructuring:

• Divestment: Selling off less profitable parts of a company to a third party. The purpose is to focus on the core business and improve financial performance. 
• Legal restructuring: Changing a company's legal entity, policies, or procedures. 
• Cost restructuring: Consolidating a company to weather an economic downturn. This can include downsizing or automation. 
• Turnaround restructuring: Changing a company's strategy or product lines. 

Cost-cutting strategies that can vary by business, but typically involve:

• Eliminating redundancies.
• Streamlining processes.
• Finding cost-effective alternatives. 

Some cost-cutting measures you can consider:

• Reduce office expenses.
• Save electricity.
• Reduce waste.
• Reduce office supplies and utilities.
• Offer remote working options.
• Consider moving to a less expensive building or area.