I had similar crashes on a brand new Macbook Pro 13 I received on Tuesday this week with the following error:
panic(cpu 2 caller 0xffffff7f827a0a8d): watchdog timeout: no checkins from watchdogd in 97 seconds (1009 total checkins since monitoring last enabled)
I spoke to Apple Support and they suggest these steps to RESET to laptop:
Shut down the Mac (if not already) but keep it plugged into power.
On your built-in keyboard, press and hold all of the following keys. Your Mac might turn on.
•Control on the left side of your keyboard
•Option (Alt) on the left side of your keyboard
•Shift on the right side of your keyboard
Keep holding all three keys for 7 seconds, then press and hold the power button as well. If your Mac is on, it will turn off as you hold the keys.
Wait a few seconds, then press the power button to turn on your Mac and immediately press and hold these four keys together: Option, Command, P, and R. You can release the keys after about 20 seconds, during which your Mac might appear to restart.
However, I do not think the above really help. The culprit was actually Google Drive File Stream (Google Enterprise Drive client) - which apparently conflicted with Spotlight indexing and when the drive was being updated.
So I uninstalled Google Drive File Stream, and used Insync Client instead (https://www.insynchq.com/) [I have a lifetime license as I have Linux desktops which need access to my Google drive].
So far - no crashes - even under heavy load of 3 virtual machines, background files being updated and Zoom/GoogleHangouts video calls.
Been rock stable the last 2 days.
Hope this helps for those having the same problems.
Cheers!