Three weeks after cutting its workforce by 20%, Wydeband is lowering salaries by 15%, TheMarker.com has learned.

Wydeband is a year-old joint venture by Comverse Technology (Nasdaq:CMVT) andRADWare (Nasdaq:RDWR). The company supplies enhanced solutions to broadband providers.

President and CEO Dov Levanon said that the company has taken steps to cut its cash-burn rate, including layoffs and salary cuts, to which the employees had agreed.