Compressing large-scale neural networks is essential for deploying models on resource-constrained devices. Most existing methods adopt weight pruning or low-bit quantization individually, often resulting in suboptimal compression rates to preserve acceptable performance drops. We introduce a unified framework for simultaneous pruning and low-bit quantization via Bayesian variational learning (\method), which achieves higher compression rates than prior baselines while maintaining comparable performance. The key idea is to employ a spike-and-slab prior to induce sparsity and model quantized wei