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In this tutorial, we learn how to reduce the file size of a PDF and create a smaller size PDF in Illustrator. The document consists of four US letter-size pages with a 3mm bleed and CMYK color mode. To compress the file, go to File, Save As, choose a location to save the file, switch the format to PDF, and save a different version while keeping the original Illustrator file. This process results in a smaller PDF file while maintaining print quality.