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stocksJun 3, 2026, 11:04 AM

X5 to Expand AI, Robotics, Predicts Further Job Cuts - President

X5 Retail Group plans to develop AI, robotics, and unmanned transport, with President Ekaterina Lobacheva forecasting continued headcount reductions due to automation.

X5

Russian retailer X5 has announced plans to expand into artificial intelligence, robotics, and autonomous vehicles, according to company President Ekaterina Lobacheva. Speaking at the St. Petersburg International Economic Forum (PMEF), she stated that the company expects further staff reductions as automation progresses. The move is aimed at improving operational efficiency. No specific investment figures or timelines were provided.

Source: MarketTwits