They are aware of the problem and are working on it, but it apparently is not that easy to resolve. Who would have predicted that updating to Catalina would knock out that feature? Have patience and I'm sure they will resolve the issue as soon as they can get to the root of the problem. HAVE A GREAT DAY!
Don't know what to tell you but there was an update for me, I manually checked it (I don't have automatic updates activated). So I updated Photoshop 7 hours ago and the update resolved this issue for me.
Yes, there was an update for Photoshop this morning...I have automatic updates checked, but I went in and looked for it and updated manually. I don't know yet if the update has solved the problems, but I assume that it will.
I am so confused as to what to do even after reading all of your comments and suggestions. Maybe I make more work for myself by doing it this way but its just the way I have saved files since the beginning. I create 3 different folders within a clients raw images. a print folder with are my jpeg images, social media folder which are my correct size and saved as png and a psd folder to save my images with the layers incase I need to go back and adjust. I can't open any files I have saved as .psd. (my saved layers images) in photoshop. I have also saved my images as jpeg using every way thats been described and they aren't saving correctly. I am at an absolute loss as to what to do. Im more concerned about my psd layer files than any other. None of this was an issue until the update to Catalina. Please help!!
I am experiencing the exact same issue and it is driving me absolutely insane. I've wasted so much time having to re-save and type the format on my own too.