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This video tutorial shows how to reduce Excel file size without deleting data. Start by saving a copy of the file. To reduce the file size, compress picture size by selecting the picture, going to picture format, clicking on compress under adjust, and choosing the desired compression option. Another method is to go to file, click on more, then options, advanced, and adjust image size and quality settings to discard editing data and avoid image compression. This ensures reduced file size without compromising picture quality.