Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Deel, a company specializing in payroll and HR services, is facing significant legal troubles as its CEO, Alex Bouaziz, reportedly evades service of a lawsuit from competitor Rippling. The lawsuit alleges corporate espionage, raising concerns about Deel's trustworthiness as a vendor in a high-risk business environment. Observers note that the inability to locate Bouaziz could deter potential customers amid these legal challenges. Furthermore, analysts suggest that Deel's plans to go public, previously considered for next year, may be jeopardized by these developments, particularly as Bouaziz is believed to be in Dubai to avoid legal repercussions. The situation has prompted speculation about the company's future and the integrity of its operations.
Imagine working at Deel and you’re thinking maybe, just maybe the lawsuit is BS and they didn’t do it. … then you see the CEO and the GC are avoiding being served in the Mideast https://t.co/5zQBdHwttq
Safe to assume Deel will not go public next year - which was floated in February this year. Not with the CEO seemingly fleeing to Dubai to avoid extraction / being served a damning lawsuit by rival Rippling for corporate espionage. Feels like Deel is destroying itself with this https://t.co/jSa8dA8OXF https://t.co/3kIEeaLtwz
Kind of wild that Alex Bouaziz is escaping the legal system. Makes me wonder if he's actually cleaning money for someone more powerful with Deel as the facilitator of money movement. Where there's smoke....there's fire.
