News Summary

Deel, a prominent human resources startup valued at $12.6 billion, is embroiled in a corporate espionage scandal involving accusations from competitor Rippling. The lawsuit alleges that Deel planted a spy at Rippling, violating various laws including the RICO act. This comes as Deel’s head of communications, Elisabeth Diana, departs the company. The situation has raised questions about Deel’s future, particularly as it was recently considering going public. Deel denies all allegations, claiming Rippling is attempting to deflect from its own legal issues involving Russian sanctions.