Using older versions of Outlook for Mac for personal email and calendar
Dear Kevin,
Good day! Thank you for posting to Microsoft Community
Regarding your query, there is no specific limit to the number of users who can access or shared a subfolder calendar in Outlook for Mac. However, the performance of the calendar may be affected if too many users are accessing it simultaneously. It is recommended to limit the number of users to a reasonable amount to ensure optimal performance. Additionally, please ensure that the users have the necessary permissions to access the subfolder calendar.
Moreover, you may also consider creating a Microsoft 365 group and use a group calendar, for more efficient calendar experience with multiple users.
In the meantime, if you have any other question or I've got you wrong, please feel free to let me know.
Thanks for your precious time. Have a nice day!
Sincerely,
Libeamlak | Microsoft Community Moderator