evstein wrote:
3 TB Fusion Drive
SMART status is verified on Disk Utility.
This may be part of the problem. The Fusion drive is almost entirely a mechanical drive, with a very small SSD attached. Most of the data are stored on the mechanical sectors. 12.6 has APFS and is VERY SLOW on mechanical drives. See this
https://bombich.com/blog/2019/09/12/analysis-apfs-enumeration-performance-on-rotational-hard-drives
There are two ways around this. One is to have an authorized Apple service provider replace the internal drive with an SSD. This is something a qualified technician needs to do, most people should not be undertaking this themselves. Alternatively, some have recommended setting up an external bootable SSD to run from instead of the internal drive.
Before doing anything, it might be good to download DriveDX to check the physical health of your drive. SMART is fine but DriveDX shows all the different health parameters and you should run the LONG DriveDX diagnostic test. Also, I suggest that you download Etrecheck and run it with full disk access, post the output here with the Additional text button below. There could be some other problem.