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In this YouTube tutorial, the goal is to reduce the size and speed up an Excel file. The file size is 10MB, even though it does not have much data. The process involves making copies of the original file, renaming them, and working on the copy file to improve performance. Testing the loading time, percentage, and speed of the worksheet is also important. It is noted that the Excel file may become unresponsive due to poor performance, but the following spreadsheets seem to be working fine.