
Hi Teo, this is Kimberly. I'm glad to assist you today.
This looks like a deadlock between Excel’s notification-handling code and macOS Sequoia’s notification/XPC system, not a corrupted preference or workbook issue. That’s why your only fix so far has been wiping macOS, you’re resetting all background services and caches Excel interacts with.
Try this before another full macOS wipe
Reset macOS Notification Center data
Quit Excel.
In Terminal:
killall NotificationCenter
rm -rf ~/Library/Preferences/com.apple.ncprefs.plist
rm -rf ~/Library/Application\ Support/NotificationCenter/*
Then log out/in or restart.
Should you have more questions, please let me know.
Best regards,
Kimberly