What really happens in an organisation restructure?

Prepare your people for success by helping them through the people selection steps

As the CEO of a film production company, the SAG-AFTRA strikes have had a significant impact on the business. It’s a story for another time, but with over six of our feature film projects being placed on hold, it allowed me to take a pause and think about the structure of our organisation and if we have this right to deliver on our strategy. These external market changes forced us to review our decisions on the digital division and bring forward the growth targets and changes for this division. With the strikes changing everything overnight for us, we also had to be nimble enough to turn on a dime and rethink our strategy. For us that meant moving quickly into inorganic growth. The appropriate strategy for us is the preparation for exponential growth in the digital effects.

The movements in the broader market are signalling an increase in corporate restructuring, more than what we’ve been seeing to date. Financial research data from AlphaSense in the 12 months to August 2023 is reporting a triple the number of mentions of reorganisation, reassignment or leading indicators signalling a restructure in the earnings calls of listed companies. That’s quite a significant shift that will lead to some…