Yes if you join SEIP (opt-in). Unknown or maybe no otherwise. Use an application-oriented firewall like Little Snitch to disallow it. It will need comms to grab guest support drivers and to check for updates.
It's a wrapper around Qemu and Apple's Virtualization Framework, so the performance is actually pretty good and it supports emulation of other architectures.
Free personal use license as commercial moves to $120/year.
Do VMware desktop apps collect telemetry on install or usage?