I'm having the same problem with my PS5. Everything was working perfectly and I was enjoying my run. I updated it, but crossplay started to lag a little, then the next day it was completely awful. The game is so slow that it takes my character 5 to 10 seconds to take a single step. This time I got really pissed off and reported the bug by making a real complaint (not that it helps much). It's not possible that every damn time they release an update there's always something wrong. And they don't dare to tell me that maybe it's a mods problem, because the game was running fine until they did this update. And neither is my PS5, since I tried everything, even clearing the cache, but the other games are fine. So they created the problem with that update.