The educational privatization is the global phenomenon with far-reaching implications, and its impact on teachers in government schools within the context of Punjab, Pakistan, is a subject of dominant importance. Research investigates the effects of privatization upon teachers' job security, salaries, and job satisfaction. Study includes a mixed-methods approach, combining survey data from 430 teachers with in-depth interviews of 25 teachers. The results reveal that educational privatization in Punjab presents uncertainties about teachers' job security and contractual terms, reduces their autonomy and creates financial stress. Thus, on the positive side, teachers experience improvements in resources and teaching environments. However, impact of privatization on the teachers' job satisfaction is complex, with a blend of positive & negative emotions. The study underlines the need for balanced approach in the privatization policies, recognizing the teachers' multifaceted experiences. The policymakers must ensure that teachers' well-being and economic stability are not compromised. Findings donate to understanding of the impact of privatization on teachers in a specific context and call for further research to explore long-term effects and the perspectives of other stakeholders.