The intent of this paper is to articulate observations of a technical organization during corporate restructuring. This paper conducts a systematic literature review to identify factors of drivers, actions, and outcomes within a corporate spin-off, the authors then conducted three case studies of spin-offs using those findings using surveys and interviews of real-world executives who managed a corporate restructuring spin-off. This paper gives further insight into the relationships of actions and outcomes of spin-offs, finding that there are correlations between change management, systematic change and organizational restructuring to performance, effects on employees, and market fit strategy. Engineering managers can use this paper to understand and act accordingly to dynamics within a corporate restructuring. Engineering management researchers can use this paper to get further insight into the restructuring processes in technical organizations.