You WILL lose your device data, as this method requires a FULL device wipe, and it will be wiped several times during this process.
Firstly, be sure to back up all of your data before even attempting this. You’re going to need to do a few things before you can revert to a stable Android 11 build, though. The stable update is fairly bug-free but luckily, downgrading from the Android 12 back to a stable Android 11 build is possible and not all that difficult – it just takes a little time. You might have tried out the Developer Previews and Betas and had a number of problems and bugs. We’ve shown you how to install Android 12 on your Pixel, so it’s only fair that we show you how to downgrade from this build if you simply don’t like it or encounter problems you hadn’t foreseen ahead of time. If you are not content with Android 12 on your Google Pixel, it’s probably music to your ears knowing that you can downgrade your OS to a stable version of Android 11 if you encounter any major problems or just don’t like the substantial overhaul.