HarmonyCom recently fired another 30 people and cut the wages of its remaining 45 staffers.
This is the second wave of dismissals, after the company cut 45 jobs in March. At its heyday it employed 120 people working in Israel and overseas.
CEO Ehud Kislev said that the dismissals would affect all divisions, in Israel and abroad, except for sales. He declined to say by how much wages were being lowered.
HarmonyCom develops software solutions that manage traffic flow on communications networks for phone companies.
A year ago the company it secured $25 million at a post-money company value of $75 million in a third financing round.
The company works out of offices in Ann Arbor, Michigan, Milton Keynes, Britain, and Petah Tikvah.