If the error message is as follows, please follow the steps after mentioned.
Error message: "Unable to start executable image: (C:\Program Files (x86)\Cypress\Cypress Update Manager\cyliveupdate.exe"
Reason: This is caused by an incomplete installation. Try reinstalling the PSoC Creator software. If issue persists, check whether the file cyliveupdate.exe exists within the C:\Program Files (x86)\Cypress\Cypress Update Manager folder. This file can run standalone. As a workaround, copy the EXE file to the location listed earlier from another installation. Create a technical support case with Cypress support to obtain the file if you are unable to obtain it from another installation.
This KBA can be helpful in future too: Troubleshooting PSoC® Creator™ Issues - KBA217546