The document discusses organizational restructuring and downsizing. It provides details on reporting structures, departments, profit/productivity and operational requirements as factors for restructuring. Advantages include lower costs and improved communication, while disadvantages are loss of skilled workers and low morale. Downsizing is defined as reducing employee headcount and causes can be cost reduction or fewer projects. Benefits are severance pay while risks are financial costs and decline in creativity. Key differences between restructuring and downsizing are also outlined.