Hello everyone,
Thank you for the additional details and confirmation regarding this issue.
It appears this issue is affecting multiple users after installing KB5094126. Given this, I strongly recommend contacting your organization’s IT administrator and asking them to report the issue through the Microsoft Admin Center. This helps Microsoft track, prioritize, and investigate service-related issues more effectively.
Steps for the Microsoft 365 Admin:
Sign in to the Microsoft 365 Admin Center.
Go to Health > Select Service health.
Click Report an issue.
Appreciate your patience and understanding.
Warm thanks.