After a $2.5 billion exit, Sapiens cuts 700 jobs and replaces its entire management | CTech

▤ Summary

Sapiens is undergoing a major restructuring after Advent completed its $2.5 billion acquisition. The company has replaced its entire senior management and plans to cut about 700 to 800 jobs, or roughly 15% of its workforce. Advent wants to streamline operations, reduce lower-growth services, and push Sapiens faster toward SaaS and AI-based products. The shift also includes moving headquarters to London and refocusing the business on a smaller set of profitable products.

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