17, Windows Latest wrote that multiple Microsoft Support employees had said Microsoft engineers are working on fixing it. Woody Leonhard reported on it for Computerworld on Feb 13. Microsoft told Bleeping Computer it was aware of the issue on Feb.
As Bleeping Computer‘s Lawrence Abrams put it, it looks like Windows 10 “is loading up a temporary profile to be used during the update process and failing to restore the user’s profile when done.” Files appear to be deleted because Windows 10 is signing some people into a different user profile after they install the update.