You have this two settings in the vmx-file
memsize = 2048
numvcpus = 2
I'd first change to one CPU and then reduce the RAM as your host apparently doesn't have enough
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description of vmx-parameters:
VMware-liveCD:
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Do you need support with a VMFS recovery problem ? - send a message via skype "sanbarrow"
I do not support Workstation 16 at this time ...