Menu items and Unity editor icon disappear when importing a project with many textures

When opening a project that has a lot of textures in it for the first time, when Unity finally opens you will notice that the menu bar doesn't render and the title bar is missing the Unity icon. See the attached image.

This was introduced somewhere in Unity 2023.1 timeline. Tested versions:

2023.1.0a4: Does not reproduce
2023.1.0b10: Reproduces

Reproduction steps:

1. Delete everything in the project apart from the Assets folder;
2. Open the project in the editor.