SoftBank-backed construction startup Katerra has laid off more than 400 employees, one month after new CEO Paal Kibsgaard stepped into the top job. The cuts amount to 7 percent of the company’s total headcount, according to the Information. The staff affected worked in departments including human resources and civil engineering and mechanical engineering, the publication reported. The move follows the departure of Katerra co-founder and former CEO Michael Marks, who was replaced last month by
source https://therealdeal.com/2020/06/30/construction-startup-katerra-lays-off-400-employees/
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