Large-scale neural networks have attracted much attention for surprising results in various cognitive tasks such as object detection and image classification. However, the large number of weight parameters in the complex networks can be problematic when the models are deployed to embedded systems. In addition, the problems are exacerbated in emerging neuromorphic computers, where each weight parameter is stored within a synapse, the primary computational resource of the bio-inspired computers. We describe an effective way of reducing the parameters by a recursive tensor factorization method. Applying the singular value decomposition in a recursive manner decomposes a tensor that represents the weight parameters. Then, the tensor is approximated by algorithms minimizing the approximation error and the number of parameters. This process factorizes a given network, yielding a deeper, less dense, and weight-shared network with good initial weights, which can be fine-tuned by gradient descent.