In what ways can outdated PHP code impact the performance of a script, and what steps can be taken to update it for better efficiency?

Outdated PHP code can impact performance by being less optimized for newer versions of PHP, leading to slower execution times and potential security vulnerabilities. To update the code for better efficiency, consider refactoring it to use newer PHP features, optimizing loops and conditionals, and utilizing caching techniques.

// Before updating the code
$oldArray = array(1, 2, 3, 4, 5);
foreach ($oldArray as $value) {
    // Old code logic here
}

// After updating the code
$newArray = [1, 2, 3, 4, 5];
foreach ($newArray as $value) {
    // Updated code logic here
}