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In this video tutorial, the instructor demonstrates how to reduce the file size of an Excel document without deleting any data. The first step is to compress the picture size by selecting the picture, going to picture format, and then selecting compress under adjust. There are different options available for compressing the picture format depending on your needs. An alternative method is to go to File, click on more, then options, and finally advanced. Scroll down to find image size and quality where you can choose to discard editing data and not compress the image file. This will help to reduce the file size without losing picture quality.