Wow nice. I was just about to cancel my Photoshop subscription because 1) I hate subscription pricing models and 2) I'm using it mostly just to resize images.
Nice to see that you have the Photoshop UI there so I don't have to relearn anything.
I understand a professional not wanting to learn a new UI for something as complex as graphics editing, but if you are admittedly mostly using it to resize images, I can't imagine why any other tool, including the infamous Gimp, would be so hard to "learn"?
It does do some format conversion and have some support for compression settings (if I understand you correctly). Under the File -> Export menu you can choose between some formats [0] and when applicable choose compression level, e.g for JPEG.
[0]: On my machine: HEIC, JPEG, JPEG-2000, OpenEXR, PDF, PNG, TIFF
Nice to see that you have the Photoshop UI there so I don't have to relearn anything.