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Subscribe and click on the Bell icon to receive notifications. In this tutorial, you will learn how to reduce the size of Excel files to improve performance. Excel files can range from a few kilobytes to a few megabytes, and a large amount of data can slow it down. To reduce the size, save the file as a binary spreadsheet by navigating to file, clicking on save as, entering the file name and location, selecting Excel binary workbook option, and clicking on Save.