Following its $2.5 billion acquisition by private equity firm Advent, Israeli software company Sapiens is undergoing a major restructuring. In January 2025, the company plans to lay off 700-800 employees, representing about 15% of its global workforce of 5,400. The cuts are part of a strategic shift to streamline operations, reduce less profitable service activities, and focus on core products. Concurrently, the entire senior management has been replaced, and the company's operational headquarters are being moved to London.
