Render Times Are Unbearably Slow

I have a very high end gaming laptop that would regularly export videos in about the same amount of time that the length of the video would be - depending on FX - i.e. a 60 second video would take about 60 seconds to render. 

I updated to 2024 a week ago for both premiere and AE and render times have broken my business in a pretty bad way. 60 second videos now take around 10 minutes and anything over 5 minutes won't even finish rendering in Premiere or AE. I have literally left renders of 20 minute videos overnight for hours and wake up to find they haven't moved at all. 

I have been a paying customer for nearly a decade. How can you screw up an update so bad? 

I use the adobe suite for my business and am massively rethinking it. These render speeds make it impossible to run my company.