Massive portion of the underground missing, slight visual difference when above ground (Missing chunks). Reloading the world caused small bits of land to load in, but there is no sign of change. I didn't have any data on this world, so no builds were affected.
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I had this happen on a world that was made post-1.18.2 and the missing chunks were previously explored.
This issue should be fixed in 1.18.30.30/31:
We have addressed an issue from the last beta that caused chunks below y=0 to become corrupted. The chunks will no longer become corrupted but any chunk that was affected will revert to its original world generation.
https://feedback.minecraft.net/hc/en-us/articles/5082403383309-Minecraft-Beta-Preview-1-18-30-30-31
This is a known issue mentioned in the 1.18.30.26/27 changelog: