As outlined yesterday, significant slowdowns with the Linux 4.20 kernel turned out to be due to the addition of the kernel-side bits for STIBP (Single Thread Indirect Branch Predictors) for cross-HyperThread Spectre Variant Two mitigation. This has incurred significant performance penalties with the STIBP support in its current state with Linux 4.20 Git and is enabled by default at least for Intel systems with up-to-date microcode.