Currently running version 23.3, latest build on a one year old 27in iMac with a 3.7 6 core Intel Core i5 with 40 GB of memory with the Radeon Pro 580x 8 GB.
It seems in the last update something changed and the performance has dropped dramatically. I have tried the prescribed performance changes, the legacy setting has been removed but the performance reminds me of being in the 90s when you would ask Photoshop to do something and then take a break. The only fix I have found works is the percentage setting in the lower-left corner. Trying to enlarge or reduce the image using a trackpad is producing very slow results that are not controllable. I have also seen that when trying import and .svg file I get a string of error messages about missing files and I have to force quit the app.
I suggest you take us back a version until you have this sorted unless there is a fix.