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    Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

    Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

    Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

    Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

    Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

    Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

    How the Scottish MPs voted in the assisted dying debate

    How the Scottish MPs voted in the assisted dying debate

    Former Labour MP calls for party to ditch ‘rigged’ voting system

    Former Labour MP calls for party to ditch ‘rigged’ voting system

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    Labour’s £14bn ‘fixation’ with new nuclear power ‘won’t cut bills or help climate’

    SNP rebels plot to oust John Swinney as party leader after Hamilton by-election loss

    SNP rebels plot to oust John Swinney as party leader after Hamilton by-election loss

    Anas Sarwar should not expect to oust John Swinney yet, says polling guru

    Anas Sarwar should not expect to oust John Swinney yet, says polling guru

    Keir Starmer says he will not support a second independence referendum as Prime Minister

    Keir Starmer says he will not support a second independence referendum as Prime Minister

    Angela Rayner accuses Reform of ‘politics of hatred’ as she insists Labour can win bitter Holyrood by-election

    Angela Rayner accuses Reform of ‘politics of hatred’ as she insists Labour can win bitter Holyrood by-election

    SNP complain about Reform’s ‘race-baiting’ advert on Scottish Labour leader Anas Sarwar

    SNP complain about Reform’s ‘race-baiting’ advert on Scottish Labour leader Anas Sarwar

    Two Israeli embassy staff shot dead in Washington DC, sparking massive anti-terror response

    Two Israeli embassy staff shot dead in Washington DC, sparking massive anti-terror response

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      Salesforce boss Marc Benioff joins Weev.

      What is a virtual office and why you need one in Central London – Your Company Formations Ltd

      What is a virtual office and why you need one in Central London – Your Company Formations Ltd

      Inflation rises again to new 40-year high

      Inflation rises again to new 40-year high

      Bank of England hikes interest rates to 1.25%

      Bank of England hikes interest rates to 1.25%

      Hiring activity in Scotland slows amid steep decline in staff availability

      Hiring activity in Scotland slows amid steep decline in staff availability

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

    • Sports
      Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

      Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

      Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

      Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

      Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

      Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

      The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

      The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

      Celtic on brink of four new signings as Benjamin Nygren lands staggering transfer claim and Balikwisha stays cool

      Celtic on brink of four new signings as Benjamin Nygren lands staggering transfer claim and Balikwisha stays cool

      I see cracks in Celtic with transfer fears over four starters so maybe this Rangers claim is a myth – Hugh Keevins

      I see cracks in Celtic with transfer fears over four starters so maybe this Rangers claim is a myth – Hugh Keevins

      Punters dramatically lose faith in Rory McIlroy in wake of his astonishingly honest US Open confession

      Punters dramatically lose faith in Rory McIlroy in wake of his astonishingly honest US Open confession

      ‘I still always visit Sir Alex Ferguson’s house – even though he branded me a Big Time Charlie’

      ‘I still always visit Sir Alex Ferguson’s house – even though he branded me a Big Time Charlie’

      The £17m reason Celtic won’t sit still this transfer window as Brendan Rodgers learns painful lesson

      The £17m reason Celtic won’t sit still this transfer window as Brendan Rodgers learns painful lesson

      Rangers placed on Vaclav Cerny red alert over Wolfsburg ‘fire sale’ as Cyriel Dessers makes transfer stance clear

      Rangers placed on Vaclav Cerny red alert over Wolfsburg ‘fire sale’ as Cyriel Dessers makes transfer stance clear

      Mathias Kvistgaarden waves Brondby farewell but Celtic hit with transfer blow as boss throws spanner in works

      Mathias Kvistgaarden waves Brondby farewell but Celtic hit with transfer blow as boss throws spanner in works

      World A-listers go nuts for Ange as Roy Keane drops the mic, McCoist breaks down barriers and Salah keeps receipts

      World A-listers go nuts for Ange as Roy Keane drops the mic, McCoist breaks down barriers and Salah keeps receipts

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        Argos offers free QLED TVs with one simple deal – how to get yours today

        Argos offers free QLED TVs with one simple deal – how to get yours today

        Everyone to get mobile phone alert as sirens sound for 10 seconds

        Everyone to get mobile phone alert as sirens sound for 10 seconds

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        EE unveils huge new discount on JBL Flip 7 Wireless Bluetooth Speaker but you must act quick

        Elon Musk to halt SpaceX’s NASA astronaut missions after Trump’s contract threat

        Elon Musk to halt SpaceX’s NASA astronaut missions after Trump’s contract threat

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        Scientists just found a sugar switch that ‘protects your brain from Alzheimer’s’

        Scientists just found a sugar switch that ‘protects your brain from Alzheimer’s’

        Brain dead pregnant woman’s family issue update after baby cut from her body

        Brain dead pregnant woman’s family issue update after baby cut from her body

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        French chef shares ‘simplest ever’ one pot cake recipe ready in under an hour

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      • Entertainment
        Home Bargains’ ‘soft’ £30 coat looks ‘just like’ £175 Dryrobe version

        Home Bargains’ ‘soft’ £30 coat looks ‘just like’ £175 Dryrobe version

        Amazon’s most wished for sun lounger drops below £90 ahead of Prime Day

        Amazon’s most wished for sun lounger drops below £90 ahead of Prime Day

        Former DWP employee warns of two-tier State Pension payments for older people

        Former DWP employee warns of two-tier State Pension payments for older people

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        Dozens of UK holidaymakers fall ill after five-star ‘holiday from hell’

        Full list of people on PIP most at risk of payment cut under new DWP welfare reforms

        Full list of people on PIP most at risk of payment cut under new DWP welfare reforms

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        Teacher who drank alcohol in ‘mini-rave’ lesson and swore at pupils is struck off

        Teacher who drank alcohol in ‘mini-rave’ lesson and swore at pupils is struck off

        Pupil referral unit that takes children kicked out of school gets flawless Estyn report

        Pupil referral unit that takes children kicked out of school gets flawless Estyn report

        Exam bosses accused of ‘patronising’ Wales and students in Welsh GCSE paper

        Exam bosses accused of ‘patronising’ Wales and students in Welsh GCSE paper

        Cardiff University ‘has no God given right to exist’ bosses say

        Cardiff University ‘has no God given right to exist’ bosses say

        Cardiff University cracks down on students protesting on its campus

        Cardiff University cracks down on students protesting on its campus

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        Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

        Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

        Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

        Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

        Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

        Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

        How the Scottish MPs voted in the assisted dying debate

        How the Scottish MPs voted in the assisted dying debate

        Former Labour MP calls for party to ditch ‘rigged’ voting system

        Former Labour MP calls for party to ditch ‘rigged’ voting system

        Labour’s £14bn ‘fixation’ with new nuclear power ‘won’t cut bills or help climate’

        Labour’s £14bn ‘fixation’ with new nuclear power ‘won’t cut bills or help climate’

        SNP rebels plot to oust John Swinney as party leader after Hamilton by-election loss

        SNP rebels plot to oust John Swinney as party leader after Hamilton by-election loss

        Anas Sarwar should not expect to oust John Swinney yet, says polling guru

        Anas Sarwar should not expect to oust John Swinney yet, says polling guru

        Keir Starmer says he will not support a second independence referendum as Prime Minister

        Keir Starmer says he will not support a second independence referendum as Prime Minister

        Angela Rayner accuses Reform of ‘politics of hatred’ as she insists Labour can win bitter Holyrood by-election

        Angela Rayner accuses Reform of ‘politics of hatred’ as she insists Labour can win bitter Holyrood by-election

        SNP complain about Reform’s ‘race-baiting’ advert on Scottish Labour leader Anas Sarwar

        SNP complain about Reform’s ‘race-baiting’ advert on Scottish Labour leader Anas Sarwar

        Two Israeli embassy staff shot dead in Washington DC, sparking massive anti-terror response

        Two Israeli embassy staff shot dead in Washington DC, sparking massive anti-terror response

        Trending Tags

        • Business

          Salesforce boss Marc Benioff joins Weev.

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

        • Sports
          Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

          Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

          Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

          Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

          Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

          Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

          The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

          The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

          Celtic on brink of four new signings as Benjamin Nygren lands staggering transfer claim and Balikwisha stays cool

          Celtic on brink of four new signings as Benjamin Nygren lands staggering transfer claim and Balikwisha stays cool

          I see cracks in Celtic with transfer fears over four starters so maybe this Rangers claim is a myth – Hugh Keevins

          I see cracks in Celtic with transfer fears over four starters so maybe this Rangers claim is a myth – Hugh Keevins

          Punters dramatically lose faith in Rory McIlroy in wake of his astonishingly honest US Open confession

          Punters dramatically lose faith in Rory McIlroy in wake of his astonishingly honest US Open confession

          ‘I still always visit Sir Alex Ferguson’s house – even though he branded me a Big Time Charlie’

          ‘I still always visit Sir Alex Ferguson’s house – even though he branded me a Big Time Charlie’

          The £17m reason Celtic won’t sit still this transfer window as Brendan Rodgers learns painful lesson

          The £17m reason Celtic won’t sit still this transfer window as Brendan Rodgers learns painful lesson

          Rangers placed on Vaclav Cerny red alert over Wolfsburg ‘fire sale’ as Cyriel Dessers makes transfer stance clear

          Rangers placed on Vaclav Cerny red alert over Wolfsburg ‘fire sale’ as Cyriel Dessers makes transfer stance clear

          Mathias Kvistgaarden waves Brondby farewell but Celtic hit with transfer blow as boss throws spanner in works

          Mathias Kvistgaarden waves Brondby farewell but Celtic hit with transfer blow as boss throws spanner in works

          World A-listers go nuts for Ange as Roy Keane drops the mic, McCoist breaks down barriers and Salah keeps receipts

          World A-listers go nuts for Ange as Roy Keane drops the mic, McCoist breaks down barriers and Salah keeps receipts

          Trending Tags

          • Technology
            Argos offers free QLED TVs with one simple deal – how to get yours today

            Argos offers free QLED TVs with one simple deal – how to get yours today

            Everyone to get mobile phone alert as sirens sound for 10 seconds

            Everyone to get mobile phone alert as sirens sound for 10 seconds

            Lenovo IdeaPad laptop praised for everyday use and affordable price

            Lenovo IdeaPad laptop praised for everyday use and affordable price

            EE unveils huge new discount on JBL Flip 7 Wireless Bluetooth Speaker but you must act quick

            EE unveils huge new discount on JBL Flip 7 Wireless Bluetooth Speaker but you must act quick

            Elon Musk to halt SpaceX’s NASA astronaut missions after Trump’s contract threat

            Elon Musk to halt SpaceX’s NASA astronaut missions after Trump’s contract threat

          • Health
            Scientists just found a sugar switch that ‘protects your brain from Alzheimer’s’

            Scientists just found a sugar switch that ‘protects your brain from Alzheimer’s’

            Brain dead pregnant woman’s family issue update after baby cut from her body

            Brain dead pregnant woman’s family issue update after baby cut from her body

            French chef shares ‘simplest ever’ one pot cake recipe ready in under an hour

            French chef shares ‘simplest ever’ one pot cake recipe ready in under an hour

            TikTok skin care routines ‘harmful’ and ‘problematic’ scientists discover in new study

            TikTok skin care routines ‘harmful’ and ‘problematic’ scientists discover in new study

            10 early signs of Parkinson’s as Ah-ha star Morten Harket announces diagnosis

            10 early signs of Parkinson’s as Ah-ha star Morten Harket announces diagnosis

          • Entertainment
            Home Bargains’ ‘soft’ £30 coat looks ‘just like’ £175 Dryrobe version

            Home Bargains’ ‘soft’ £30 coat looks ‘just like’ £175 Dryrobe version

            Amazon’s most wished for sun lounger drops below £90 ahead of Prime Day

            Amazon’s most wished for sun lounger drops below £90 ahead of Prime Day

            Former DWP employee warns of two-tier State Pension payments for older people

            Former DWP employee warns of two-tier State Pension payments for older people

            Dozens of UK holidaymakers fall ill after five-star ‘holiday from hell’

            Dozens of UK holidaymakers fall ill after five-star ‘holiday from hell’

            Full list of people on PIP most at risk of payment cut under new DWP welfare reforms

            Full list of people on PIP most at risk of payment cut under new DWP welfare reforms

          • Life Style
          • Travel
          • Education
            Teacher who drank alcohol in ‘mini-rave’ lesson and swore at pupils is struck off

            Teacher who drank alcohol in ‘mini-rave’ lesson and swore at pupils is struck off

            Pupil referral unit that takes children kicked out of school gets flawless Estyn report

            Pupil referral unit that takes children kicked out of school gets flawless Estyn report

            Exam bosses accused of ‘patronising’ Wales and students in Welsh GCSE paper

            Exam bosses accused of ‘patronising’ Wales and students in Welsh GCSE paper

            Cardiff University ‘has no God given right to exist’ bosses say

            Cardiff University ‘has no God given right to exist’ bosses say

            Cardiff University cracks down on students protesting on its campus

            Cardiff University cracks down on students protesting on its campus

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          Behind Mass Layoffs – Pudu Robotics is Facing Serious Cash Crunch

          by BP Author
          July 15, 2022
          in Press Release
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          Pudu Robotics (or “Pudu Technology”), a Chinese enterprise of food delivery robots, has been recently reported making major layoffs.

          “We’ve decided to cut businesses and headcount of our company to survive. It’s a difficult decision,” wrote Zhang Tao, founder and CEO of Pudu Robotics, in a leaked email to Pudu employees on July 4th.

          (The leaked email to Pudu employees sent by Zhang Tao)

          In fact, this is the second large-scale layoffs Pudu has made since the beginning of this year. In the first round that took place a few months ago, 1/3 of its workforce was cut. But the headcount reduction did not save the company from its crises. In less than half a year, the Pudu management had to make another major layoffs. This time, the functions most affected, as revealed by the dismissed employees, are R&D, Manufacturing and Service.

          Perhaps no one of the company would ever expect such a rapid deterioration of business. In September 2021, Pudu Robotics celebrated completion of its C2 financing, securing a copious funding of 1 billion CNY.  However, in less than 1 year, the company was caught up in a series of troubles that led to its mass layoffs. What’s wrong with Pudu?

          Serious Cash Crunch

          Pudu Robotics has been facing a cash crunch since the end of 2021, which was admitted by the CEO in a live streaming conference at the end of last year, stating that the company “could hardly make ends meet”. According to industry forecasts, if Pudu is unable to find new financial support, the company will last for no more than 3 months before going bankrupt. Based on multiple sources, the CEO’s strategic mistakes and unethical behaviors have lost him the faith and trust from the investors. The prospect of Pudu Robotics is gloomy in the capital market.

          As revealed by its former employees on a variety of social networking platforms, Pudu Robotics was unable to compensate the dismissed employees in accordance with Chinese labor laws. Many were laid off without being properly compensated and had to resort to labor arbitration.

          Information from the industry supply chains disclosed that since the beginning of 2022, Pudu’s order quantity and payment have been “dismally small”. It has been owing the suppliers a lot of money and unable to make payments, which caused the turbulence and malfunction of its manufacturing capability. Pudu’s supply chain is therefore on verge of collapse, and it has been caught up in disputes with the suppliers for the payment issues.

          Under such circumstances, the Pudu management team decided to carry out a large-scale work stoppage.  “In order to save operating costs and improve productivity…we will arrange work stoppage for some of our colleagues… The list of employees for work stoppage, payments during the period and the time for work resumption will be notified separately. Since there is no need to carry out work during the work stoppage, the corresponding system permissions (of work accounts) will be temporarily closed, and will be restored after the resumption of work.” Stated in a leaked email from Pudu’s HR team to the staff.

          (The leaked email of Pudu’s work stoppage notice)

          Toxic Business Model

          Industry experts pointed out that Pudu Robotics has never worked out a reliable business model to guarantee profit and sustainable development.

          A former sales leader of Pudu Robotics revealed that there was an unhealthy ethos inside Pudu where the sales team only pursued quick success and instant benefit. Reports show that Pudu utilized down payment to increase its contract amount. That is to say, if a distributor is unable to pay a contract at once, Pudu would suggest a down payment of 10%-20%. According to the former sales leader, Pudu had coaxed distributors into stocking excessive inventory by means of down payments, but never provided any help for sell-out.

          Many distributors held grudges against this unethical business practice of Pudu Robotics. According to one of its distributors, they were going through hard times liquidating the old and surplus inventory, and some distributors even went bankrupt because of this.  In South Korea, which is Pudu’s first and most successful overseas market, an information source close to the Pudu’s local distributor revealed that the inventory of the Korean distributor has exceeded 1,000 units. The distributor stated that it would take them more than 1.5 years to complete the sell-out based on the current sales velocity. Notwithstanding, Pudu’s sales team is still pushing the distributor to place more orders.

          Pudu’s reckless pricing scheme is another problem, as revealed by the former sales leader. For instance, the sell-in price of BellaBot, Pudu’s flagship model of food delivery robot, is 6,000 USD for the European market, but the price is only 3,000 USD in some Asian countries.

           

          Warnings from Industry Experts

          Considering the company’s financial difficulties as well as the disclosed unethical practices, it is not unreasonable to surmise that the company will come up with new schemes in order to survive. Some industry experts warned that Pudu’s low-priced products are likely to be “rug pulls” for quick money, with which the company plans to save its financial crisis and run away with the customers’ money. Due to the mass layoffs, many departments of the company are unable to function properly after the radical workforce reduction. According to a comment in one of Pudu’s social media accounts, the company refused to provide after-sales services: “After buying the machine, the head office refuses to deal with after-sales service.”

          (Screenshot of Pudu’s Douyin post comments )

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