Sadapay Lays Off 30% of Workforce Following Papara Acquisition

Pakistan-based Electronic Money Institution (EMI) SadaPay has laid off approximately 30% of its workforce, equating to around 80 employees, just over a month after its acquisition by Turkish fintech company Papara.

The layoffs were announced by interim CEO Umer Samiullah during a brief company-wide meeting. According to media reports, employees were informed about the meeting in advance but were unaware that they would be dismissed.

The affected staff, spanning various departments such as tech, product, marketing, design, finance, and compliance, were terminated without prior notice.