When working on a recent design in Pages that included lots of thumbnail photos of faces in a grid, I noticed Pages invoking the spinning beach ball of slowness. Every adjustment, every move would invoke the beach ball.
The simple solution was to turn off Pages' Thumbnail side-column view. Select View -> Page Thumbnails to remove the checkmark and close the side column. The slow down was due to the fact that each adjustment to my grid of photos needed to be updated in the tiny Page Thumbnail view.
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