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This video tutorial demonstrates how to reduce the size of an Excel file without deleting data. It is important to save a copy of the file before making any changes. The first step is to compress picture size by selecting the picture, going to picture format, and choosing compress under adjust. Different options are available for compressing the picture format. An alternative method is to go to file, click on more, then options, and advanced to adjust image size and quality settings. Make sure to select discard editing data and not compress image file to reduce file size.