Overview

• Tesla is reportedly preparing for layoffs as it asks managers to identify 'critical' jobs, sparking concerns among employees.
• The electric vehicle giant has faced a slowdown in sales growth, prompting CEO Elon Musk to emphasize cost-cutting measures.
• Tesla's workforce has grown significantly since 2020, but the pace of hiring has slowed, with the company focusing on efficiency.
• The potential job cuts come amid a broader trend of layoffs in the tech industry, as companies adapt to economic challenges.
• Tesla's stock has dropped about 26 percent so far this year, reflecting investor concerns over demand and competition.