The devil, or lack of, is in the detail - it is effectively the same cut as last year, just presented in a more hard edged manner to grab column inches.
Based aircraft down 40% but capacity down 30% - equal to 28 based aircraft - so exactly the same as last year then. Expect more rotations performed by aircraft from elsewhere, using availability freed up by seasonal destination cuts from aircraft based in those locations. Possibly a few extra routes cut for the winter compared to last year, but increased services from other destinations to take their place such as the recently announced Rygge.