New YorkJun 30, 2020Construction startup Katerra lays off 400+ employeesPaal Kibsgaard stepped in as CEO last month
New YorkMay 19, 2020Katerra CEO steps down from construction startupCo-founder Michael Marks will be replaced by COO Paal Kibsgaard
New YorkJan 9, 2020Katerra signs $650M contract with Saudi Arabia to build 8,000 homesThe agreement follows turbulence in the construction startup’s U.S. business, including layoffs and executive departures