Outlook 365 fails to open after July 2020 MS Office Patch

New July Office Patch renders Outlook 365 unable to open. I witnessed this on my personal PC first. It looks to be a wide-spread issue.

https://www.bleepingcomputer.com/news/microsoft/microsoft-outlook-is-crashing-worldwide-with-0xc0000005-errors-how-to-fix/

https://answers.microsoft.com/en-us/msoffice/forum/all/office-outlook-not-running/1bf3b261-1805-4f7b-a05f-c762821cee4b

The roll-back suggestion in the articles does work.

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I experienced this on my work laptop, as well. And the workaround fixed it for me.