Cropping does not remove anything
When you crop an image in PowerPoint or Word, Office stores the full original and simply displays a window onto it. That is genuinely useful while you are working — you can re-crop later without losing anything — and it is why a deck full of tightly cropped photographs can be enormous.
A photograph cropped to a tenth of its area is still occupying its full original size in the file. Ticking "Delete cropped areas of pictures" discards the hidden parts and often shrinks a deck more than any resolution change.
It is also irreversible, which is why the first step is to save a copy.