Q.Dracaena Bark Outer Layer Feels Like Paper And There Is Space Between It And The Main Stem
Nothing is discolored, new leaves look just fine. but cutting of leggy stems doesn’t get it to split and grow new stems. Haven’t been able to find anything on this particular problem online

Certified GKH Gardening Expert
This can be normal with an aging plant. I would look to moving it to a slightly larger container, though. It looks quite cramped.
These articles will help you to care for the plant:
https://www.gardeningknowhow.com/houseplants/dracaena/dracaena-houseplant-care.htm
https://www.gardeningknowhow.com/houseplants/dracaena/dracaena-plant-irrigation.htm
https://www.gardeningknowhow.com/houseplants/dracaena/how-to-fertilize-dracaena-plants.htm

Thank you!!