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When your Excel file is overly large, with just two sheets and minimal data, you can optimize its performance by removing unused formatting and metadata. Excel on the web has a new feature called Check Performance, which identifies and suggests optimizations for unused formatting. By selecting this feature, you can choose to optimize individual sheets or all at once, reducing the file size while retaining all necessary information. In one case, a file size was reduced from 4.9 MB to 46 KB after optimization.