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This video tutorial explains how to reduce the size of an Excel file without deleting any data. The first step is to compress the picture size by selecting the picture, going to picture format, and choosing the compress option. Different compression options are available, such as setting the picture format to 220 ppi for printing. An alternative method to always have compressed pictures is to go to file, click on more, then options, and choose advanced. In the image size and quality section, select discard editing data and uncheck the compress image file option to reduce the file size.