The method and apparatus of the present invention provides for the compression of signal data having a low latency jitter while maintaining a target compression ratio and reasonable degradation, as is required by next generation systems. In accordance with the present invention, a method and apparatus are provided for compressing data in a communication system by receiving uncompressed packet at a compressor of the communication system, segmenting the packet into a plurality of packet segments, calculating signal sample bit-removal information for each of the plurality of packet segments and compressing the packet segments utilizing the signal sample bit-removal information that is calculated based upon the signal characteristics of the uncompressed packet and a desired target compression ratio.