Oh, come on Paul. Of course we have cut back First Class, and you have been around long enough to witness it. Don't you remember toast in real toasters, or scrambled eggs in real frying pans? Roast beef sliced at your side? LB 1988, instead of the excuse they pour now?
And most telling of all, most of our aircraft are flying without first class, so if that's not cutting back, I don't know what is.