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Unless your workbook is truly a LARGE project, it sounds like maybe your workbook has a ton of "residual data" that is unseen but residing in what would appear to you as empty cells.
MAKE A COPY OF YOUR WORKBOOK AND PERFORM THE FOLLOWING :
On each sheet, go to the last row where data is visible.
Select the next row below that, which should appear empty. Select the entire row by clicking on the row number on the left side.
Now, simultaneously press CTRL / SHIFT / DOWN ARROW. This will auto-select all the other blank rows down to the bottom of the sheet.
Right click in the greyed area ... select DELETE.
That clears any unseen data from those 'blank cells'.
Repeat the same process for each sheet in your workbook. Then check the size of the workbook again.
If that cleared up the problem, either rename the copy workbook, or repeat the same process on the original.
If that doesn't clear up the problem, we'll have to look at something else to try.