I'm sure you will be able to alter it to your satisfaction
@hernibs. Interestingly I've just taken about an inch off each shoulder (without the sleeves attached) on a top I'm making by cutting an inch off off each shoulder then grading down to the side seam. It hasn't actually a huge difference to the circumference of the armscye in my case and the sleeves still fit OK. However, there was a little bit of fullness in the sleeve heads which I've now probably used up. Common sense would suggest that the armscye is bound to get a bit bigger if you make the alteration I've just suggested. You could tack round where you would ideally like to alter your armscye and then measure the circumference of the 'new' armscye vs the old one before cutting to see how much difference it would make.
Is there any stretch in the fabric? If so it will be a lot easier to make the kind of alteration I'm suggesting. Have you any seam allowance to play with in the sleeves if you have to make them a bit wider to fit into the new armscye?
Another 'quick and dirty' method I've used to narrow shoulders involves taking a dart across each shoulder seam going down the front and back a few inches. Depending on the garment's style that might work- in fact it can be surprising effective and you don't have to take the sleeves out. You would probably have to lose the shoulder pads. You could experiment by tacking a couple of such darts at the same point on each shoulder - maybe end the dart just before the pockets - to see if it would work and to see whether it upset the balance of the sleeves. In the top I did it was fine.