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    Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

    Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

    Blow for Scottish Conservatives as MSP quits party in protest at ‘reactionary politics’

    Blow for Scottish Conservatives as MSP quits party in protest at ‘reactionary politics’

    SNP Government ‘failing stroke patients’ as average treatment waiting time over two hours

    SNP Government ‘failing stroke patients’ as average treatment waiting time over two hours

    MSP demands Donald Trump pay up to cover costs of policing for Scottish visit

    MSP demands Donald Trump pay up to cover costs of policing for Scottish visit

    Glasgow domestic waste sent to Spain as part of SNP council recycling drive

    Glasgow domestic waste sent to Spain as part of SNP council recycling drive

    Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

    Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

    Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

    Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

    Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

    Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

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    Donald Trump diary reveals exact time he will arrive in Scotland

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    Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

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    System must work to protect public as report finds chances missed with Southport killer

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    NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

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

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      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%

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      Hiring activity in Scotland slows amid steep decline in staff availability

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

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      Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

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      Scotland’s plunging coefficient faces threat from Sweden as Champions League abyss awaits

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      Rangers brutally mocked by Belgian big mouth as rebuilding Brugge told UCL rivals aren’t ‘serious’

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      Jamie Vardy handed Celtic transfer pitch as two deals reach endgame

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      Etienne Youte breaks cover as Celtic issued Jakob Breum red flag before key transfer deadline

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      Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

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      Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

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      Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

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      Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

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      Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

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      Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

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      Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

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        Changing the way you walk could help knee arthritis and delay surgery

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        Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

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        Tesco recalls popular beauty and skincare product over nasty infection risk

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        DWP warning to people on State Pension, PIP or other benefits using a mobile phone

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        DWP urges people in their 60s to check State Pension age before changes start next year

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        ‘Attractive’ £100 fire pit that’s ideal for long summer nights drops to £44

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        Triple drawer air fryer that ‘cooks to perfection’ gets £40 price slash in limited time sale

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        Sainsbury’s ‘gorgeous’ £25 jacket shoppers say is ‘good for all weather’

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        The top state schools in Wales for GCSE results

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        Cardiff releases GCSE grades as city schools beat Wales-wide results

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        Swansea schools beat Wales average for A-level results

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        Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

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        Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

        Labour MP blasts ‘coked-up yobbery’ of far right protestors as she hits out at ‘disaster’ of asylum hotels

        Blow for Scottish Conservatives as MSP quits party in protest at ‘reactionary politics’

        Blow for Scottish Conservatives as MSP quits party in protest at ‘reactionary politics’

        SNP Government ‘failing stroke patients’ as average treatment waiting time over two hours

        SNP Government ‘failing stroke patients’ as average treatment waiting time over two hours

        MSP demands Donald Trump pay up to cover costs of policing for Scottish visit

        MSP demands Donald Trump pay up to cover costs of policing for Scottish visit

        Glasgow domestic waste sent to Spain as part of SNP council recycling drive

        Glasgow domestic waste sent to Spain as part of SNP council recycling drive

        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

        Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

        Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

        Donald Trump diary reveals exact time he will arrive in Scotland

        Donald Trump diary reveals exact time he will arrive in Scotland

        Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

        Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

        System must work to protect public as report finds chances missed with Southport killer

        System must work to protect public as report finds chances missed with Southport killer

        NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

        NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

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        • 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
          Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

          Raging Fabrizio Romano fires back at fan for branding him a ‘fraud’

          Scotland’s plunging coefficient faces threat from Sweden as Champions League abyss awaits

          Scotland’s plunging coefficient faces threat from Sweden as Champions League abyss awaits

          Rangers brutally mocked by Belgian big mouth as rebuilding Brugge told UCL rivals aren’t ‘serious’

          Rangers brutally mocked by Belgian big mouth as rebuilding Brugge told UCL rivals aren’t ‘serious’

          Jamie Vardy handed Celtic transfer pitch as two deals reach endgame

          Jamie Vardy handed Celtic transfer pitch as two deals reach endgame

          Etienne Youte breaks cover as Celtic issued Jakob Breum red flag before key transfer deadline

          Etienne Youte breaks cover as Celtic issued Jakob Breum red flag before key transfer deadline

          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

          Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

          Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

          Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

          Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

          Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

          Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

          Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

          Trending Tags

          • Technology
            Shoppers leave Sky for ‘easy to use’ TV recorder that lets you watch telly for free

            Shoppers leave Sky for ‘easy to use’ TV recorder that lets you watch telly for free

            Google Pixel 10 pre-orders go live with up to £700 off from Sky, O2, Amazon and EE

            Google Pixel 10 pre-orders go live with up to £700 off from Sky, O2, Amazon and EE

            Tech fans say ‘brilliant fit’ £18 noise cancelling earbuds work ‘as well as Apple Airpods’

            Tech fans say ‘brilliant fit’ £18 noise cancelling earbuds work ‘as well as Apple Airpods’

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            Tech fans rush to buy £30 Acer Chromebook tablet that is ‘perfect for work and play’

            Apple fans rush to buy MacBook for only £99 after 54% price slash

            Apple fans rush to buy MacBook for only £99 after 54% price slash

          • Health
            Jessie J postpones UK tour and cancels US gigs amid ongoing cancer battle

            Jessie J postpones UK tour and cancels US gigs amid ongoing cancer battle

            Boots protein powder shoppers say ‘takes away cravings and cuts bloating’

            Boots protein powder shoppers say ‘takes away cravings and cuts bloating’

            Changing the way you walk could help knee arthritis and delay surgery

            Changing the way you walk could help knee arthritis and delay surgery

            Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

            Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

            Tesco recalls popular beauty and skincare product over nasty infection risk

            Tesco recalls popular beauty and skincare product over nasty infection risk

          • Entertainment
            DWP warning to people on State Pension, PIP or other benefits using a mobile phone

            DWP warning to people on State Pension, PIP or other benefits using a mobile phone

            DWP urges people in their 60s to check State Pension age before changes start next year

            DWP urges people in their 60s to check State Pension age before changes start next year

            ‘Attractive’ £100 fire pit that’s ideal for long summer nights drops to £44

            ‘Attractive’ £100 fire pit that’s ideal for long summer nights drops to £44

            Triple drawer air fryer that ‘cooks to perfection’ gets £40 price slash in limited time sale

            Triple drawer air fryer that ‘cooks to perfection’ gets £40 price slash in limited time sale

            Sainsbury’s ‘gorgeous’ £25 jacket shoppers say is ‘good for all weather’

            Sainsbury’s ‘gorgeous’ £25 jacket shoppers say is ‘good for all weather’

          • Life Style
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          • Education
            The top state schools in Wales for GCSE results

            The top state schools in Wales for GCSE results

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            Cardiff releases GCSE grades as city schools beat Wales-wide results

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            Swansea schools beat Wales average for A-level results

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            Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

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            Schoolgirl achieved something incredible and made everyone proud

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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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