VMware vSphere ESXi 8.x
The issue is caused by a mismatch between the ESXi Virtual Switch (vSwitch) load balancing policy and the physical switch configuration.
In this specific scenario, the physical switch was configured for a Static LAG, but the ESXi vSwitch was not set to the required "Route based on IP hash" policy. Additionally, an "Override" setting on the Management Port Group prevented global vSwitch changes from applying correctly to the management traffic, causing the host to revert to incompatible settings.
To resolve this issue, the load balancing policy must be synchronized between the ESXi host and the physical switch.