Constant Kernel Panics since downloading the newest Creative Cloud app! HELP!

We just bought a "new" used Mac and I re-installed Creative Cloud.  It seems to "crash" while I am in photoshop and gives me the following message:

Please help!! 

panic(cpu 1 caller 0xffffff7f84650a8d): watchdog timeout: no checkins from watchdogd in 95 seconds (158 total checkins since monitoring last enabled)
Backtrace (CPU 1), Frame : Return Address
0xffffff839e9d3c40 : 0xffffff800351a65d
0xffffff839e9d3c90 : 0xffffff8003654a75
0xffffff839e9d3cd0 : 0xffffff80036465fe
0xffffff839e9d3d20 : 0xffffff80034c0a40
0xffffff839e9d3d40 : 0xffffff8003519d27
0xffffff839e9d3e40 : 0xffffff800351a117
0xffffff839e9d3e90 : 0xffffff8003cc1ad8
0xffffff839e9d3f00 : 0xffffff7f84650a8d
0xffffff839e9d3f10 : 0xffffff7f8465047b
0xffffff839e9d3f50 : 0xffffff7f84665d9c
0xffffff839e9d3fa0 : 0xffffff80034c013e
Kernel Extensions in backtrace:
com.apple.driver.watchdog(1.0)[B6A95892-6C75-3CF5-A6CC-6D83F30FA1D5]@0xffffff7f8464f000->0xffffff7f84657fff
com.apple.driver.AppleSMC(3.1.9)[D2F0B610-83F8-3B84-B0BD-D9D0CC95A697]@0xffffff7f84658000->0xffffff7f84676fff
dependency: com.apple.iokit.IOACPIFamily(1.4)[2956198D-24F2-3790-A9B2-1EAB9434B906]@0xffffff7f84646000
dependency: com.apple.driver.watchdog(1)[B6A95892-6C75-3CF5-A6CC-6D83F30FA1D5]@0xffffff7f8464f000
dependency: com.apple.iokit.IOPCIFamily(2.9)[44472E6F-8DA0-3B46-ADEF-AFF76EC6C6DB]@0xffffff7f83f31000

BSD process name corresponding to current thread: kernel_task

Mac OS version:
19H2

Kernel version:
Darwin Kernel Version 19.6.0: Mon Aug 31 22:12:52 PDT 2020; root:xnu-6153.141.2~1/RELEASE_X86_64
Kernel UUID: 05D51A3D-3A87-3FF0-98C3-9CF3827A3EDD
Kernel slide: 0x0000000003200000
Kernel text base: 0xffffff8003400000
__HIB text base: 0xffffff8003300000
System model name: iMac15,1 (Mac-42FD25EABCABB274)
System shutdown begun: NO
Panic diags file available: YES (0x0)

System uptime in nanoseconds: 24912930070417
last loaded kext at 2746402876704: >!UAudio 323.4 (addr 0xffffff7f87e3b000, size 434176)
last unloaded kext at 6689282798621: >usb.cdc 5.0.0 (addr 0xffffff7f87e34000, size 28672)
loaded kexts:
@filesystems.msdosfs 1.10
>AudioAUUC 1.70
@fileutil 20.036.15
>!APlatformEnabler 2.7.0d0
>AGPM 111.4.4
>X86PlatformShim 1.0.0
>!AMikeyHIDDriver 131
@filesystems.autofs 3.0
>!AMikeyDriver 283.15
>!AHDA 283.15
>!AUpstreamUserClient 3.6.8
@kext.AMDFramebuffer 3.1.0
@kext.AMDRadeonX4000 3.1.0
@kext.AMDRadeonServiceManager 3.1.0
>!AGraphicsDevicePolicy 5.2.6
@AGDCPluginDisplayMetrics 5.2.6
>!AHV 1
|IOUserEthernet 1.0.1
|IO!BSerialManager 7.0.6f7
>!A!IHD5000Graphics 14.0.7
>pmtelemetry 1
@DonT_Steal_Mac_OS_X 7.0.0
>!A!IFramebufferAzul 14.0.7
>eficheck 1
@kext.AMD7000!C 3.1.0
>!ALPC 3.1
>!ASMCLMU 212
>!AThunderboltIP 3.1.4
>!A!ISlowAdaptiveClocking 4.0.0
>!AMCCSControl 1.14
>MaxTranserSizeOverrideDriver 489.120.1
>!AVirtIO 1.0
@filesystems.hfs.kext 522.100.5
@!AFSCompression.!AFSCompressionTypeDataless 1.0.0d1
@BootCache 40
@!AFSCompression.!AFSCompressionTypeZlib 1.0.0
@filesystems.apfs 1412.141.1
@private.KextAudit 1.0
>AirPort.BrcmNIC 1400.1.1
>!ASDXC 1.7.7
|!ABCM5701Ethernet 10.3.5
>!AAHCIPort 341.140.1
>!ARTC 2.0
>!AACPIButtons 6.1
>!AHPET 1.8
>!ASMBIOS 2.1
>!AACPIEC 6.1
>!AAPIC 1.7
$!AImage4 1
@nke.applicationfirewall 303
$TMSafetyNet 8
@!ASystemPolicy 2.0.0
|EndpointSecurity 1
>!A!BHIDKeyboard 209
>IO!BHIDDriver 7.0.6f7
>!AHIDKeyboard 209
@kext.triggers 1.0
>DspFuncLib 283.15
@kext.OSvKernDSPLib 529
@kext.AMDRadeonX4030HWLibs 1.0
@kext.AMDRadeonX4000HWServices 3.1.0
>!AGraphicsControl 5.2.6
|IOAVB!F 850.1
@!AGPUWrangler 5.2.6
|IOAccelerator!F2 438.7.3
|IONDRVSupport 576.1
>X86PlatformPlugin 1.0.0
@kext.AMDSupport 3.1.0
@!AGraphicsDeviceControl 5.2.6
>IOPlatformPlugin!F 6.0.0d8
>!ASMBusPCI 1.0.14d1
>!AThunderboltEDMSink 4.2.3
|IOSlowAdaptiveClocking!F 1.0.0
>!AHDA!C 283.15
|IOHDA!F 283.15
>!ASMBus!C 1.0.18d1
|IOGraphics!F 576.1
@9190468.IOgPTPPlugin 840.3
|Broadcom!BHost!CUSBTransport 7.0.6f7
|IO!BHost!CUSBTransport 7.0.6f7
|IO!BHost!CTransport 7.0.6f7
|IO!B!F 7.0.6f7
|IO!BPacketLogger 7.0.6f7
>!UHIDMouse 192
>!AHIDMouse 192
|IOUSBHIDDriver 900.4.2
>usb.!UHub 1.2
>usb.networking 5.0.0
>usb.!UHostCompositeDevice 1.2
|IOAudio!F 300.2
@vecLib.kext 1.2.0
|IOSerial!F 11
|IOSurface 269.11
@filesystems.hfs.encodings.kext 1
>!AThunderboltDPOutAdapter 6.2.6
>!AThunderboltDPInAdapter 6.2.6
>!AThunderboltDPAdapter!F 6.2.6
>!AThunderboltPCIDownAdapter 2.5.4
|IO80211!F 1200.12.2b1
>corecapture 1.0.4
|IOSkywalk!F 1
|IOAHCIBlock!S 316.100.5
>!AThunderboltNHI 5.8.6
|IOThunderbolt!F 7.6.1
|IOEthernetAVB!C 1.1.0
>mDNSOffloadUserClient 1.0.1b8
|IOUSB!F 900.4.2
>usb.!UXHCIPCI 1.2
>usb.!UXHCI 1.2
|IOAHCI!F 290.0.1
>!AEFINVRAM 2.1
>!AEFIRuntime 2.1
|IOSMBus!F 1.1
|IOHID!F 2.0.0
$quarantine 4
$sandbox 300.0
@kext.!AMatch 1.0.0d1
>DiskImages 493.0.0
>!AFDEKeyStore 28.30
>!AEffaceable!S 1.0
>!ASSE 1.0
>!AKeyStore 2
>!UTDM 489.120.1
|IOSCSIBlockCommandsDevice 422.120.3
>!ACredentialManager 1.0
>KernelRelayHost 1
>!ASEPManager 1.0.1
>IOSlaveProcessor 1
|IOUSBMass!SDriver 157.140.1
|IOSCSIArchitectureModel!F 422.120.3
|IO!S!F 2.1
|IOUSBHost!F 1.2
>!UHostMergeProperties 1.2
>usb.!UCommon 1.0
>!ABusPower!C 1.0
|CoreAnalytics!F 1
>!AMobileFileIntegrity 1.0.5
@kext.CoreTrust 1
|IOTimeSync!F 840.3
|IONetworking!F 3.4
|IOReport!F 47
>!AACPIPlatform 6.1
>!ASMC 3.1.9
>watchdog 1
|IOPCI!F 2.9
|IOACPI!F 1.4
@kec.pthread 1
@kec.corecrypto 1.0
@kec.Libm 1