Huh. That's not apparent from the tooltip in that case. Would it be worth amending it to say "cooldown reduced by 33%" instead or something? The way it reads at the moment seems to suggest it should be 1 minute cooldown instead of 2.
I'm trying out the consoles on the 23rd century dreadnoughts since the latest Mudd's Bundle dropped. The 3 piece set bonus says the set consoles get +50% recharge speed, however when using the consoles their cooldowns go from 2 minutes to 1 minute 20 seconds. It's only dropping by 33%, not 50% as the tooltip suggests.