From a physics perspective: The force of gravity between two objects is the mass of object 1 x mass of object 2 x gravitational constant / distance between the objects squared. When you're determining the "compressive" gravitational force of the entire Earth it gets a bit more complex as there's a continuum of particles all acting on each other, pulling each other towards the center of mass, but same basic principle still applies.
If you were to split the Earth in half, but both halves remained in place, gravity wouldn't be affected much. If half the Earth was to disappear or fly away, gravity would be affected, as the mass would be cut in half, and the distance between any given point on Earth and its center of mass would change. However, this would not be enough to cause the Earth to collapse in the way a star collapses into a black hole - this would require the mass to increase by orders of magnitude.
However, gravity does tend to form massive objects like planets into roughly spherical shapes. "Collapse" in this case could mean that, as the material in the Earth shifts, gravity rearranges it to a more spherical shape without causing the volume to compress by an appreciable amount.
In any case, I would not consider this a slippery slope argument, as you're talking about a direct physical causation which may or may not occur based on the specifics of the scenario.