Long chain-of-thought (CoT) supervision has become a common strategy to enhance reasoning in language models. While effective for large models, we identify a phenomenon we call Long CoT Degradation, in which small language models (SLMs; leq3B parameters) trained on limited long CoT data experience significant performance deterioration. Through extensive experiments on the Qwen2.5, LLaMA3 and Gemma3 families, we demonstrate that this degradation is widespread across SLMs. In some settings, models trained on only 8k long CoT examples lose up to 75% of their original performance before fine-tuning. Strikingly, we further observe that for some particularly small models, even training on 220k long CoT examples fails to recover or surpass their original performance prior to fine-tuning. Our analysis attributes this effect to error accumulation: while longer responses increase the capacity for multi-step reasoning, they also amplify the risk of compounding mistakes. Furthermore, we find that Long CoT Degradation may negatively impacts downstream reinforcement learning (RL), although this can be alleviated by sufficiently scaled supervised fine-tuning (SFT). Our findings challenge common assumptions about the benefits of long CoT training for SLMs and offer practical guidance for building more effective small-scale reasoning models.