The 'Restructuring' Buzzword - What Does it Mean for Us?

Heard the 'R' word getting tossed around in whispers – restructuring. It's always a bit ominous, isn't it? Last time I heard that, it preceded a wave of layoffs in another company I worked for. Now that it's popping up again, especially with the broader tech layoffs happening everywhere, I'm getting a bad feeling. No direct confirmation from management, of course, but the vague allusions and the general quietness on hiring front are making me nervous. Is anyone else in a similar boat? What are your thoughts on how these 'restructuring' efforts usually play out? Are we talking about role consolidations, team eliminations, or something else entirely? Any intel would be appreciated, even if it's just speculation.