CNBC is reporting that pressure may force Lehman's CEO Dick Fuld to sell the battered investmant bank who recently announced almost $3 billion in the latest quarter.

According to the report by CNBC, maintaining profitability with its workforce of 26,000 under degrading market conditions will be almost impossible without a huge investment or outright sale to a larger financial firm.

The article states layoffs at Lehman could reach 20% of their workforce, on top of the 10% already cut earlier in the year.