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This video tutorial demonstrates how to reduce Excel file size without deleting data. It is important to save a copy of the file before attempting to reduce its size. The first step is to compress picture sizes in Excel by selecting the picture, going to picture format, and choosing compress under adjust. There are different compression options available, such as reducing picture format for printing. An alternative method is to go to file, then options, and advanced to find image size and quality settings. Here, you can discard editing data and choose not to compress image files, as well as adjust the PPI to make pictures smaller.