ConsumerUS
Lex Layoffs
July 2024
Lex announced a layoff affecting 0 employees in July 2024. The company operates in the Consumer sector.
People Affected
0
Announced Date
Jul 17, 2024
About
Lex, a queer community social network, laid off most of its staff in June 2024. The startup, which had a full-time team of about eight employees, underwent a pivot from a dating app to a community-focused platform in 2023. Having raised $7 million in total funding, Lex is exploring monetization through premium features and ads while navigating an uncertain path forward. The company remains operational and is seeking partnerships to sustain and grow its platform, which serves around 1 million users in the LGBTQ+ community.
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