SoftBank-backed Katerra to slash 200 Jobs, close Arizona factory

SoftBank-backed Katerra to slash 200 Jobs, close Arizona factory

REUTERS/Issei Kato

Katerra Inc., a modular construction startup, got an $865 million cash infusion from investors led by SoftBank Group Corp. last year. Now, the company is shutting down a factory in Phoenix and cutting 200 jobs.