Well-funded construction giant Katerra cuts 117 Washington jobs in announced shutdown


Katerra was used to build the all-new Founders Corridor of the College of Washington’s Foster College of Enterprise. It was to be the main building on the UW campus to operate in cross-laminated timber (CLT) and the main company in Seattle to rely on CLT as a structural ingredient. (Photo by Katerra)

Large development Katerra, which has raised more than $ 2 billion in business capital, is shutting down, according to a report by Information.

A Worker adjustment and retraining notification was also filed Tuesday with the Washington Division of Employment Security, which says the company cut 117 employees in the state as of June 4.

We have contacted Katerra for a remark and can replace this story after hearing again.

Katerra has worked on more than 10 initiatives in Washington State and Seattle, and in 2019 open a 270,000 square foot lumber manufacturing plant in Spokane, Washington. It is currently used to build Founders Room on the corporate university of the College of Washington. Last month, the company secured a shipment of 292 unique cross-laminated timber panels. It is expected to be the main UW campus building to operate in cross-laminated timber (CLT) and the main company in Seattle to rely on CLT as a structural ingredient.

The Info reported that Katerra is inclined to walk away from the “dozens” of initiatives she has agreed to put in place.

Katerra, backed by SoftBank, uses expertise and software for its end-to-end development service across a variety of build types – “reshaping development through course innovation and expertise,” its site reads Web.

Founded in 2015, the Menlo Park, Calif., Company employed more than 8,000 people last year, but now has just 2,400 people on LinkedIn following layoffs during the previous year.

End of last year Katerra named Kris beason as responsible for the development of the Pacific Northwest. Beason was previously Vice President at HITT Contracting Inc. She was successful Greg smith, also primarily based in Seattle, who now runs Katerra’s multi-family residential platform.



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