Outlook for Mac running very slowly after upgrade to Sonoma on MB Pro with M1
After upgrading to Sonoma 14.0 about a week ago, performance on my MBP degraded dramatically. I primarily use the MS Office 365 Suite, and almost any file opening or update is very slow. If I start a new email in Outlook for Mac, I get the spinning wheel for a few seconds and then it's 30-45 seconds longer before I can enter a "To" address in the email.
On the Apple Activity Monitor, I don't appear to be pushing limits on CPU, Memory or Disk, and I don't have antivirus on the machine. I do have the Trend Micro security suite which is a requirement at my company, but I also had that suite installed under Ventura and the system performed very well.
Would appreciate any advice on how to further diagnose and resolve the issue.
MacBook Pro (M1, 2020)