I was having this same issue (solved now, see below). Classic Outlook was locking up after just a few minutes of being open. I would have to do an End Task and Restart it, but no changes (deleted emails for instance) were saved. I tried switching to New Outlook, which is a huge, messy, unclear process, AND after you get it done, you find out you can't use your current PST file! Literally, WTH?!? So, through another very unclear process, you can upload your current PST file and search, find, and use past emails, BUT you have to move them to the new account first (basically, you have access to past emails, but with New Outlook, you are starting over. Quite unbelievable, but true. AND after all of that, New Outlook crashed too! And the program was hidden (literally was not shown anywhere on my computer, even in a search for it).
I opened Old Outlook and selected to "Switch to New Outlook" again to go through the process again, and then suddenly New Outlook appeared and opened, so I had both Outlooks running at the same time (which from this forum is apparently what some people do for some reason), but again, they both locked up just as before. So, despite comments above saying you can't just "Roll Back" this update, it worked for me. I went to the Recovery page, selected "Go Back" and went through the process (after a bunch of scary as heck screens telling you that you may lose all your data, you might not be able to log back into your machine, etc.). Honestly, I wasn't ready to start it, didn't have everything backed up, and was just checking out the process, and it suddenly started running (I was clicking through the screens waiting for the big "Point of No Return / Start Process" button, but there wasn't one, just another Next button, and it took off). After a frighteningly long time of thinking "Oh No, what have I done", the system came back up, it was rolled back to before that horrible update, and everything worked as normal. Whewwwww!
As you can tell from reading this, I am not an IT guru, but I've been working with computers daily since PCs have been around, and have had to work through all types of issues running departments, and small businesses with no IT assistance. In general, things are way better now, and we aren't dealing with daily or weekly issues like we did back in the old days, but when there is a problem now, getting it fixed seems to be much harder and more complicated. The developers don't seem to know how to write clear instructions, or communicate things, the support is all AI, which can sometimes be way off base and not even addressing your need, and just getting to a forum like this is made so hard that most people give up (and maybe that is the point, sadly).
Just to add a comment here, I had to login, but it found multiple MS accounts (schools, my own, my business), so that had to be sorted out, then I had to verify it through a separate device (phone), then I had to set up and verify a Passkey (which I didn't want to do), then I had to set up an account profile for this forum. There is probably a million people dealing with this issue right now, but from this thread, it looks like there is only about 10 of us. Do better Microsoft.
Connect with your customers, make things easier, not harder, and understand real human needs beyond the big corporations that have huge IT staffs. You have millions of customers out here on our own running small businesses and handling issues like this ourselves. Test out instructions and processes with older, average people to see if it makes sense. These are basic things. You can do better.
Anyway, I'm back up and running, and I have turned off the Auto-Updates (oh, and I can't do that indefinitely, because 5 weeks is the max, so I have to set a reminder to keep extending it every few weeks, as well as check on this problem and determine when I can do updates again - see what I mean, this isn't making life easier). Cheers.