Kinza Tariq’s Post

𝐒𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐒𝐚𝐝𝐚𝐏𝐚𝐲'𝐬 𝐓𝐞𝐜𝐡 𝐓𝐚𝐥𝐞𝐧𝐭 I'm writing today to express my support for the talented individuals recently impacted by the layoffs at SadaPay. The news of these reductions, especially following the company's acquisition, is deeply concerning. To the SadaPay tech team: 𝐖𝐞 𝐬𝐭𝐚𝐧𝐝 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮. Your skills and experience are valuable assets in the fintech industry. Don't be discouraged. This is a temporary setback, and there are numerous opportunities waiting for you. To my connection recruiters: 𝐋𝐞𝐭'𝐬 𝐩𝐫𝐢𝐨𝐫𝐢𝐭𝐢𝐳𝐞 𝐒𝐚𝐝𝐚𝐏𝐚𝐲'𝐬 𝐚𝐟𝐟𝐞𝐜𝐭𝐞𝐝 𝐬𝐭𝐚𝐟𝐟.These individuals possess the expertise and drive that can propel your teams forward. Consider them for open positions – they're ready to contribute and make a positive impact. Together, let's navigate this challenging situation and ensure these talented professionals land smoothly on their feet. #SadaPay #Fintech #Layoffs #TechTalent #Solidarity #Support

💼 SadaPay Layoffs - Top Fintech Talent Available! As a direct result of restructuring after SadaPay's acquisition by Papara, a lot of out top talent was let go to bring in operational efficiencies in how we function This is a sad reality for any business, but represents an excellent opportunity for companies looking to hire some of the brightest minds in our market. We have drafted a list of all those affected, having a very diverse pool of people from following functions: * Software Engineers (Mobile, web and Backend) * Product Managers * Product Designers * Financial Crime Analysts * Creative * Internal Audit * Talent acquisition Seniority ranges from associates to directors, so I'm sure you will find someone that matches the skill and experience you're looking for. SadaPay Laoffs: https://lnkd.in/daQDkmDG For tech, I have personally worked with all of the engineers, PMs and designers and I can vouch they are some of best in market. If you're looking for a reference for someone in specific, reach out to me in DM and I'll help out Request! - Please share this post as much possible in your network, let's help turn this challenging situation into a new beginning! 🚀 #layoffs #fintech #recruitment #SadaPay

SadaPay, a Pakistan-based Electronic Money Institution (EMI), has terminated around 30% of its workforce, equating to approximately 80 employees, just over a month following its acquisition by #Turkish fintech company Papara. Interim CEO Omer Salimullah announced the layoffs during a brief company-wide meeting, catching employees by surprise as they were unaware of the impending job cuts. The layoffs affected various departments including tech, product, marketing, design, finance, and compliance. This move follows the resignation of #SadaPay's CEO, Brandon Timinsky, shortly after #Papara's acquisition in June. Papara announced the acquisition of SadaPay on May 30, with Timinsky expressing optimism about leveraging Papara's expertise and technology to accelerate value delivery to Pakistan's population. Founded by Timinsky in 2019, SadaPay quickly grew to become one of the fastest-growing EMIs globally, reaching one million users in record time. #DigitalPakistan #TechUpdate #Fintech

I’ve noticed many posts criticizing SadaPay for their recent layoffs. Before jumping to conclusions, it’s crucial to understand that running a company involves complex decisions and financial considerations that are not always visible to the public. Companies, like SadaPay, must make tough choices to ensure long-term sustainability and growth. Instead of spreading negativity, let’s strive to do proper research and understand the broader context. Running a business is not child’s play; it requires balancing numerous factors to remain viable and competitive. Let’s be more informed and empathetic in our discussions. #sadapay

In a startling move, SadaPay has laid off approximately 30% of its workforce, just over a month after being acquired by Turkish fintech company Papara. The layoffs were announced in a brief, five-minute company-wide meeting led by acting CEO Omer Salimullah, with employees receiving notification of the meeting only the night before. Around 80 employees from various departments, including technology, product, marketing, design, finance, and compliance, were abruptly let go without prior communication or warning. This sudden and significant reduction in staff is attributed to cost-cutting measures implemented following the acquisition and subsequent equity injection by Papara. The decision has sent shockwaves through the company, leaving many employees in a state of uncertainty and concern about their future. The layoffs have particularly impacted key operational areas, raising questions about the company's strategic direction and ability to maintain its service levels amid the reduced workforce. Industry analysts suggest that such drastic measures may reflect deeper financial challenges or a shift in strategic priorities under Papara's ownership. The acquisition, initially perceived as a growth opportunity for SadaPay, now appears to have prompted immediate cost-saving actions, potentially to streamline operations and integrate the two companies' resources more efficiently. SadaPay, which has been a prominent player in the fintech space, now faces the challenge of navigating this transition period while ensuring stability and maintaining trust among its remaining employees and customer base. The long-term impact of these layoffs on the company's performance and reputation remains to be seen, as stakeholders await further communication from the leadership. The broader fintech community will be closely watching SadaPay’s next steps, as this development highlights the potential volatility and challenges within the industry, especially in the context of mergers and acquisitions. #lougheeloug

Hiring Alert! 💥If you are like me, you don't look for jobs, you look for growth, contribution and feeling like you are part of something... feeling that you belong! Yet the biggest mistake we make is to think: - I want a new job - In this type of role - In this industry - That pays this much - With this culture... Hence it's so difficult to find it in such a brutal market. If I reflect on my journey, I've been over 6 years with BigPay And when asked, what makes you stay? I say the projects and the people 🤩 But when you dig deeper... the reality is different I can find nice people anywhere around the world And there are plenty of cool projects across FinTechs So what makes BigPay special? 👉 We are a purpose led company, for real. And we care a ton about our customers 👉 When I say the projects; it doesn't mean only the type of projects I work on, but the how I work. Since day 1 in the company, I was given a 1 liner mandate. Everything else was up to me. For example, years ago my CEO came to me and said: "Hey we need to build the remittances business; I want to build Wise by this date" 🤩 I love that type of challenge... huge, scary, and exciting! Yet it happens again and again and again, at different scale depending on the project This is a beautiful and extreme example of what we mean with the term Autonomy And I'm very proud and grateful to say that in BigPay we all have a ton of autonomy 👉 Lastly, Mastery. If you look at Daniel Pink's work on his book Drive He explains what really motivates us at work is Purpose, Autonomy and - the third component is Mastery! Soo, when you are driven by a deep sense of contribution while knowing your work is having impact And you work in an environment where you have a ton of Autonomy, If you are like me and you are driven by growth, then you are naturally inclined to seek Mastery in your field To go deeper, to learn more, to be better... So I can promise you that if you join us in BigPay we don't have it all figured out; therefore, there is still plenty opportunity for growth... And I can promise you that the journey is worth giving it a try, One of my colleagues told me the other day, "Hey I've grown here more in the past 6 months, than I have in the past xx years" So, we are hiring! 🥳 DM me or comment below if you want to know more, below are our open roles 👇 And it's a very exciting time in our company journey If this resonates, it would be lovely to meet up Cheers, Monica 😎 Here you go! 🚀 Malaysia Finance 💻Senior Finance Associate (https://lnkd.in/g7p5Z2qv) Marketing 📈 Growth Analyst (https://lnkd.in/gbnyeRV7) Tech 👩🏻💻 Engineering Manager (Backend) (https://lnkd.in/ga97m-uD) 👩🏻💻 Backend Engineer (https://lnkd.in/ghsHUTqZ) Operations 💻Customer Experience (https://lnkd.in/gY4njYqy) 🚀 Thailand Compliance 💻 Compliance Officer (https://lnkd.in/gqmw8wuB) Operations 💻 Onboarding Analyst (https://lnkd.in/gFCwUtXk) #fintech

Just heard that Paytm has laid off 1,000 employees citing the transition to AI. It means, 1000 families won't get to celebrate this New Year 2024. This incident reminds me of an incident that took place with me a few years back. It was May 2020. I was on a call with my uncle, a government contractor. He said, "Prashant, could you deliver 10 kgs of wheat to two of my employees, Lala and Suresh? They live near your house." Now, this was during lockdown when traveling was restricted, and people were scared even to meet their family. 😷 To be honest, I wanted to come up with an excuse to say No, but somehow, I agreed. 🙏 I asked him what was the sudden emergency. He said it was to send monthly rations to his staff. I knew there were no government projects during the lockdown, so I inquired about the need. He told me, "Two years back when I was struggling, my workers supported me by postponing their salaries for months. Now, I'm making sure they can withstand this period too." I felt both proud and small. The lesson I learned is that loyalty is a two-way street. Remember, what goes around, comes around. My message to every organization - Treat your employees with equal loyalty or else you are bound to fail one day. Comment or Repost if you agree. Follow Prashant Bhansali for more such posts. If you're looking for jobs, then feel free to download this ATS Resume Template for FREE -> https://lnkd.in/dVnisiWy #layoffs #paytm #culture

As my short-term consulting contract with NovaPay has just come to an end, I'm looking for another short-term or long-term B2B opportunities. #opentowork #fintech #payments #product #consulting #operations

PayTM recently fired 1000+ employees. Sometimes I feel that what's the point of being a Unicorn, if you have to 'hire fast' and 'fire fast' I get capitalism, but: when you fire someone, it shatters their confidence & self-image. They have to go back to their parents/wife/kids/family and explain: why they are NOT going to office anymore. These are brutal conversations to have. This scars them for life. I'm no one to preach how businesses should run. But, when firing in 1000s looks like an everyday event, jobs stop meaning anything, honestly. - Akshat Shrivastava.

Vijay Shekhar Sharma-led troubled fintech firm Paytm is reportedly looking to fire around 15-20% of its workforce to manage its growing losses. According to a Financial Express report, the company will lay off 5,000-6,300 employees to save Rs 400-500 crore. In FY23, the company had an average of 32,798 employees on payroll, with 29,503 actively working and an average cost per employee of Rs 7.87 lakh. For FY24, total employee costs increased by 34% year-on-year to Rs 3,124 crore, raising the average cost per employee to Rs 10.6 lakh. The report also said that the company has already begun layoffs, with over 1,000 employees terminated in December to streamline operations and cut costs. #paytm #layoffs #employees #workers #startup #fintech #indianstartupnews