I am having the same issue. Brand new Lenovo p16, Workstation 17 Pro, 64GB of RAM, Core i9-12900HX running Windows 11 Pro. I copied a VM from my old laptop - a W541 with 32GB of RAM and i7-4910MQ pro...
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I am having the same issue. Brand new Lenovo p16, Workstation 17 Pro, 64GB of RAM, Core i9-12900HX running Windows 11 Pro. I copied a VM from my old laptop - a W541 with 32GB of RAM and i7-4910MQ processors, running Workstation 11 Pro on Windows 8.1 - and it performs about half as well on the new computer as on the old computer. It is mind-boggling. The two VMs have identical processor / ram settings, and a simple build of a Java application takes 50% longer on my p16 with 17 Pro than on my W541 with 11 Pro. I have disabled Hyper-V and memory protection and my power setting is "Best Performance." So it is, as you can imagine, extremely disappointing to buy a brand new high-powered laptop and get inferior performance to a much older, under-powered computer on an EOL'd OS. There is very clearly something going on between VMWare and the Intel cores that is hamstringing performance. I hope VMWare can get this fixed quickly, as it at this point makes more sense for me to do my work on my old laptop.