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MacBookPro M1
Monterey 12.6.1
After workPS 24.0.0 often refuses to leave, the "wheel of death" turns indefinitely. I have to do a force quit.
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I have the same set-up without any issues.
Try resetting the Photoshop preferences back to the factory defaults first to see if that sorts the issue out:
1) Close Photoshop
2) Double click on the Photoshop icon to launch it
3) QUICKLY hold down Ctrl+Alt+Shift (for Windows) or CTL+OPT+CMD+Shift (for Mac OS X)
4) When a dialogue appears, asking you “Delete the Photoshop Preference Files?” Click Yes.
If you don't see the question repeat the procedure again.
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Yes deleting Photoshop Prefrences is likely going to fix it