Angular 16.2.12 has indirect dependencies to find-up versions 4.1.0 and 6.3.0.
See here: https://deps.dev/npm/%40angular-devkit%2Fbuild-angular/16.2.12/dependencies
Adding a resolution to my package.json solved this for me.
{
"dependencies": { ... },
"devDependencies": { ... },
"resolutions": {
"find-up": "6.3.0"
}
}