Max file limit conundrum
There are a few ways to mitigate the file limit. We ran into the same issue at our company with our platform team and were able to resolve the issue using the information below. Source


Enter the following in Terminal:

$ echo kern.maxfiles=65536 | sudo tee -a /etc/sysctl.conf
$ echo kern.maxfilesperproc=65536 | sudo tee -a /etc/sysctl.conf
$ sudo sysctl -w kern.maxfiles=65536
$ sudo sysctl -w kern.maxfilesperproc=65536
$ ulimit -n 65536 65536
In $HOME/.bash_profile set the following: ulimit -n 65535 unlimited
Reboot system and try Photoshop again