State the real-world example of organizational restructuring choosing virtual organizational structure and why?

In recent years, many organizations have undergone significant transformations in response to the rapidly changing global business landscape. These transformations often include organizational restructuring, particularly in terms of adopting virtual organizational structures. Virtual organizational structures enable companies to be more flexible, scalable, and responsive to changes in the market, while also benefiting from cost efficiencies and access to a global talent pool. One notable example of an organization that has embraced a virtual organizational structure is GitLab, a DevOps platform company that operates entirely remotely.

GitLab is a company that has implemented a fully virtual organizational structure, with over 1,300 employees distributed across 65 countries. The company does not have any physical offices and its workforce operates remotely, with employees working from various locations around the world. GitLab’s restructuring toward a virtual model has been driven by several factors, including the need for increased scalability, flexibility, and cost-effectiveness, as well as the desire to attract and retain top talent from across the globe. This shift toward a remote-first model has allowed GitLab to remain agile in a ________ _____ ________ _____ __________ _____ ______ _______ ________ _____.
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