If you experience the error shown above, please try the following:
Manually reinstall the Visual C++ libraries (2015) through vc_redist.x64.exe (64-bit) and vc_redist.x86.exe (32-bit). Installers located here:
IMPORTANT: When asked to "repair" or "uninstall", choose the "uninstall" option. Afterwards, run the .exe again and install the libraries to your system.
Please note, that this installation can get stuck at the very end, but please wait it out as some users have reported success after 1-2 hrs.
If issues persist, please submit a support ticket here.