I also get this error.

I can install Windows, tried Vista, Seven, 10 & 11, but as soon as setup is complette, VM reboots and tries to show login screen, it crashes with the error Message.

Same VM on my main PC runs flawlessly so, it's not the VM config.
I'm using VMware since Version 4.x or 5.x and had never such an error.

For me it all started when installing VMware Player 16.x.y on my new HP Laptop (RyZen 5 5600u, 32GB Ram, 1TB nVME).
On my main PC (RyZen 7 3700x, 32GB, 500GB nVME) everything run's normal.

Just updated to the newest Version 16.2.4, but the error persists. Windows was freshly installed, all drivers where there.
I have like no clue what it could be, i tried any potentielly error causing setting, nothing.

But at least this Thread shows me, i am not alone.