The firm has been struggling since it raised $8 million through an initial public offering.

But the firm suffered from power struggles among top management and a weakening market for such stocks.

The cuts come when several mid-sized firms are struggling under unusual competitive pressures.

The firm and its successor companies would struggle for decades with both financial woes and hostility from the more established lines.

However, the firm was struggling to stay afloat, as it didn't have enough capital for a startup company.

Many small Chinese firms are 'struggling to cope with a sharp loss of export business'.

The coup capped a period of turmoil as the firm struggled to take itself public.

While many legitimate firms have struggled since the financial crisis began, it has been a real opportunity for crime bosses.

But smaller, less well-known firms struggle to attract high-quality candidates.

The firm struggled in the fundraising markets, requiring over two years to hold a final closing on the fund.