In the past week or two I have been encountering an issue on PS5 where my character and/or the other members of my fireteam/lobby will de-load. This leaves the placeholder glowing silhouette both in 3rd and first person views, and this can last entire gaming sessions through multiple activities.
Sometimes it is constant, sometimes intermittent, with the skins/geometry loading in and out as you play every few minutes.
The issue can be aggravating as it removes the precision 'red-dot' in ads sights, so there can be a real impact when sniping for example. It can also cause disorientation knowing which weapon you switched to. Know one or two others experiencing the issue.
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I have had the same exact issue on Xbox Series X since the beginning of Season 14.