Tesla Prepares for Layoffs Amid Sales Slowdown

The electric vehicle giant is assessing 'critical' jobs as it focuses on cost-cutting, reflecting broader tech industry trends.

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.