Still happening but its a little bit different, it seems to be triggered by switching between sims, the event panel is the first to disappear, its still playable but if you go outside of the household the HUD disappears, can no longer interact with the sims, the menu still pops up.
Its so frustrating that I can barely be bothered to play anymore because in around 20-30 minutes this bug continues to popup.
Completely powering off the XBOX, fully closing the game, no different, every time I play it is guaranteed to happen, work around is to completely close and restart the game.
Side note, a bunch more bugs have popped up since latest patch/changes.