Stripe-backed Fast is shutting down. Leaked screenshots reveal employees' last day will be Friday.
"After making great strides on our mission of making buying and selling frictionless for everyone, we have made the difficult decision to close our doors. While you'll no longer see the Fast button at checkout, we are incredibly proud of the team we assembled and our work to democratize commerce through Fast's one-click checkout experience," Domm Holland, Fast's CEO and cofounder, said in a statement.
After making great strides on our mission to democratize commerce, we have made the difficult decision to close our doors. As a result, we will be discontinuing operations, effective today. This means that all team members will no longer have roles with Fast and Fast's brand and products will be retired. The Fast checkout button will also be removed from customer sites.
Affirm is a publicly-traded company, has partnerships with 60% of U.S. ecommerce, and roughly $3 billion in cash on their balance sheet and they need more engineers to support their continued growth and product roadmap. Affirm has been aggressively hiring engineering talent. With Fast winding down, our agreement will enable the vast majority of our engineers to transition to roles at Affirm. I'm grateful to Affirm for their work to place many of our engineers in great roles quickly.
At a high level, I also wanted to share what employee support we will be providing those being laid off. We made offering a meaningful package a high priority. Employees will be receiving:• Continuation of health coverage through May 31Detailed specifics about your employee support will be arriving in your personal email later today from the Gunderson law firm.
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