As an example I inherited a codebase about 2 years ago that would take 15 minutes to run the test suite. It was painful. It was just long enough that it would waste an entire day just trying to implement a simple feature. The project was behind schedule and no one wanted to work on it because it just took too long to do anything.
So I spent a few weeks running benchmarks on the tests and figuring out where the slow down was. I did a bunch of different things, reusing SQL tables, only truncating tables ones that were used, refactored how the tests worked, removed some code so that docker was not needed to do the testing, etc.
I got those tests running in 3 seconds down from 15 minutes. And that changed the whole velocity of the project.
Always sharpen your ax.