Reducing image size

Hi,

I have about 9GB of photos. These images are 2560 X 1920 and are
roughly 2mb each. I assume I could get away with a much smaller image.

What size should I reduce these to?

During my research most suggest using ImageMagick from the command line.
Is this the best practice?

I'm sure I will want to use some type of script since I do not want to
do this one by one.

Thanks in advance for your help!!

Keith
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