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In this video tutorial, the presenter demonstrates how to reduce the size of an Excel file without deleting data. They recommend saving a copy of the file before attempting this. The first step is to compress picture sizes in Excel by selecting the picture and going to picture format, then compress under adjust. There are different options for compressing the picture format depending on the desired result. An alternative method is also provided, where the user can go to file, click on more, then options, and select advanced. In the image size and quality section, they advise choosing discard editing data and not compressing image files to reduce the file size.
