The reduction to 2 aircraft (50% cut in capacity) was announced by parent company the Volga Dnepr Group some time ago.
C-H Aviation's (paywalled) 'news' story about them ceasing B747-8 ops is also a bit dated. Think G-CLAB may not have flown for CargoLogicAir since late December and it was de-registered on transfer to Air Bridge Cargo on 3rd February.