“Either downsizing has already taken place” - direct quote from the article. And they are comparing the reduction between August last year and today. I would c

“Either downsizing has already taken place” - direct quote from the article. And they are comparing the reduction between August last year and today. I would conclude this means companies planning to downsize already have done. The companies who were not really planning to are still not going to do it. This also matches my personal experience and that of my friends and professional network.