"One of the ways of Corporate Restructuring is through market restructuring." Explain with some recent corporate examples as to how this type of restructuring is undertaken.

Corporate restructuring is an action taken by the corporate entity to modify its capital structure or its operations significantly. To improve the operations of a corporate entity, market restructuring is indispensable. Market restructuring involves decisions with respect to the product market segments where company plans to operate on its core-competencies. This type of restructuring usually affects employees, and tends to lead to new training initiatives along with some layoffs as the company improves efficiency. This type of restructuring also involves alliances with third parties that have technical knowledge and resources. Indian technology major Tata Consultancy Services Ltd., has embarked upon the marketing capacity and on the process of restructuring and focusing on the three core areas like cloud, agile and automation. The restructuring plan focuses on the manufacturing capacity and on the product, technical, financial, employment, organization, processing and management restructuring activities. Disney is another example where market and technological restructuring has been restructured to, that has helped the company reach more long term technology goals. Similarly, Tata Steel Ltd. acquired overseas Corus Group Plc. that drastically improved the production synergies for Tata Steel Ltd. Through the acquisition, Tata Steel Ltd. could combine its low-cost production with the high quality of Corus. It resulted utilization of wide retail and distribution network, technology transfer and enhanced R&D capabilities.