A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
Please don't go down the rabbit holes proposed by the AI answer bot.
The first point to be addressed is that your installation of Sonoma [14.6.1] is seriously behind on updates. Version 14.8.9 is the current release. That alone may provide the remedy but even if it doesn't it's pointless to chase symptoms when the OS is so far behind. Also, confirm that Office is fully updated – Use Help> Check for Updates in either program you can open.
If neither of the Office programs will launch go to Macintosh HD/Library/Application Support/Microsoft/MAU2.0/Microsoft AutoUpdate.app to launch Microsoft AutoUpdate [MAU] directly.