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LAST UPDATED: 21 Nov, 2022 
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In Acrobat , open a PDF file. Choose Document > Reduce File Size. Select Acrobat 8.0 And Later for file compatibility, and click OK. When you choose the compatibility level, be aware that the newer the version of Acrobat that you choose, the smaller the file.
https://acrobatusers.com/tutorials/print/reducing-file-size/Solved: Is there way to compress PDFs AFTER you create them? Is there a way to set compression as default? Some of these files are too large. - 12025549
https://community.adobe.com/t5/acrobat-discussions/compressing-pdfs/td-p/12025549What Actually Happens as You Compress a PDF File Compression is the reduction in size of data in order to save space on memory. For an effective data transmission, compression can be performed on just the data content or on the entire transmission unit depending on a number of factors.
The best way to compress PDF files is using compression software with batch processing. This makes the process instant, even if you have a large workload, and it can help you address other tasks faster.
Reduce the File in the Adobe Acrobat Program. You can also reduce your PDF file size in Adobe Acrobat. Go to "Advanced" on your Acrobat menu and then select "PDF Optimizer.". Click the "Audit Space Usage" button. You will be given a breakdown of what is taking up so much space in your document—the problem will most likely be your images.
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