Maximum execution time of 60 seconds exceeded on sending forgot password email

Getting execution time issue on sending an email. I'm using the Laravel built-in authentication code that they have provided.

Route

use App\Http\Controllers\Auth\PasswordResetLinkController;

Route::get('forgot-password', [PasswordResetLinkController::class, 'create'])
                ->name('password.request');

    Route::post('forgot-password', [PasswordResetLinkController::class, 'store'])
                ->name('password.email');

Controller

public function store(Request $request): RedirectResponse
    {
        $request->validate([
            'email' => ['required', 'email'],
        ]);

        // We will send the password reset link to this user. Once we have attempted
        // to send the link, we will examine the response and then see the message we
        // need to show to the user. Finally, we'll send out a proper response.
        $status = Password::sendResetLink(
            $request->only('email')
        );

        return $status == Password::RESET_LINK_SENT
                    ? back()->with('status', __($status))
                    : back()->withInput($request->only('email'))
                            ->withErrors(['email' => __($status)]);
    }

blade

<x-guest-layout>
    <div class="mb-4 text-sm text-gray-600">
        {{ __('Forgot your password? No problem. Just let us know your email address and we will email you a password reset link that will allow you to choose a new one.') }}
    </div>

    <!-- Session Status -->
    <x-auth-session-status class="mb-4" :status="session('status')" />

    <form method="POST" action="{{ route('password.email') }}">
        @csrf

        <!-- Email Address -->
        <div>
            <x-input-label for="email" :value="__('Email')" />
            <x-text-input id="email" class="block mt-1 w-full" type="email" name="email" :value="old('email')" required autofocus />
            <x-input-error :messages="$errors->get('email')" class="mt-2" />
        </div>

        <div class="flex items-center justify-end mt-4">
            <x-primary-button>
                {{ __('Email Password Reset Link') }}
            </x-primary-button>
        </div>
    </form>
</x-guest-layout>

why I'm facing this issue on sending emails for forgot password