I was suddenly presented with the same problem this morning after several days of use, including the installation of Windows updates (Windows 11 x64 ARM Enterprise Release 22621.317.220719-1658).
I tried to repair the Windows VM from the original ISO installation image without luck.
I'd noted whenever launching VMware Fusion I received notification from macOS that login items had been added, but they disappeared after closing the program and re-added upon relaunch. Also, after shutting down the Windows 11 VM it was recommended that I clean up the hard drive, with a significant amount of disk space being saved.