Thank you for the information and recommendations Dhairya Tomar, unfortunately, I followed all of your instructions EXACTLY, I rebooted, re-installed VMWare Workstation Pro 25H2 and I am getting the exact same error:
vmware.exe - Application Error
The application was unable to start correctly (0xc0000007b). Click OK to close the application.
Interestingly, if I try to run the ovptool.exe, it also gives the exact same error. Is that a clue?
Could this be some security issue on my corporate laptop?
If so, it would be strange as I can run "VMWare vcenter Converter Standalone" version 9.0.0 with no problems.
Any other ideas?