Render Speeds are suuuuuuper slow after Ventura update

My media encoder speeds have been cut by about 80% since updating to Ventura, do we have any insight on this? 

Simply cutting up a video and rerendering it is taking about double the video length. If I add a background around the edges using an adobe stock image, the render speed is about triple the video length (in my case, 4+ hours for a 1.5 hour video. 

Any ideas? I checked my settings and cleared my cache and nothing has changed.