My organization just recently upgraded to ArcPro 3.2.2 and now all of my existing projects that include layouts, as well as my saved layouts, have vertical offsets applied. The map elements that are affected are rectangle text boxes (those texts that have a bounding box) and legends.
It seems as there was a bug that was fixed in 3.2 with regards to offset, but I wasn't having that issue before (BUG-000138577).
Anyone else have the same issue? Any fixes? Manually fixing all these maps would be tedious at the best.