In full, the report in the Times suggests:
1. Loss of GR4 in toto around 2015 (a reduction of FJ to about 80 from 220, which I've interpreted here as losing 136 GR4)
2. Disbandment of one or both of 3Cdo and 16 AA Bdes
3. RN DD/FF strength to 12 hulls
I've also seen a suggestion somewhere (have to find it, might have been JDW) that this review also proposes turning the Army into pretty much a COIN-only force, which would be ironic, of course, since the bid by certain generals to get the govt to focus upon COIN was to protect the numbers of boots available to go on the ground, not to actually convince them to turn the Army into a COIN-only force shorne of tanks, GMLRS, etc.
Another rumour I've heard from a reasonably decent source (if one can count a member of the coalition with whom one attended university as such) is a 'if it flies, it's RAF, if it sails, it's RN and if it fights on the land (bar protecting airfields) it's Army' approach has not gone away...