I don't know about all of CLT's failure modes, but Oregon State University is building a structure (for their College of Forestry) out of CLT and had some delamination issues: https://www.oregonlive.com/news/erry-2018/08/4965f0c7df3495/...

That's just like plywood. I have to imagine other similar problems affect CLT. Your example of moisture damage essentially has to affect wood, though there are ways to engineer the CLT that will mitigate moisture damage.