There is a well-known classical reduction formula by Griffiths and Harris for Littlewood-Richardson coefficients, which reduces one part from each partition. In this article, we consider an extension of the reduction formula reducing two parts from each partition. This extension is a special case of the factorization theorem of Littlewood-Richardson coefficients by King, Tollu, and Toumazet (the KTT theorem). This case of the KTT factorization theorem is of particular interest, because, in this case, the KTT theorem is simply a reduction formula reducing two parts from each partition. A bijective proof using tableaux of this reduction formula is given in this paper while the KTT theorem is proved using hives.