People often think "speed" when they read "bloat". But bloat often means layers upon layers of indirection. You want to change the color of the button in one dialog. You find the dialog code, change the color and nothing. You dig deeper and find that some modules use different colors for common button, so you find the module setting, change the color and nothing. You dig deeper and find that global themes can change colors. You find the global theme, change the color and nothing. You start searching entire codebase and find that over 17 files change the color of that particular button and one of those files does it in a timer loop because your predecessor couldn't find out why the button color changed 16 times on startup so he just constantly change it to brown once a second. That is bloat. Trivial change will take you half a day. And PM is breathing on your neck asking why changing button color takes so long.
And sure enough, fourth slide mentioned speed.