Typically this will go on for 10 or 20 minutes then for some reason it appears to stabilise and stay connected.
It also fails to connect every time I wake the machine.
Anyone else experiencing this?
Yes. Nothing else drops wifi in the house, not even my old iMac in the exact same position. Only Big Sur. It messes up EVERYTHING. No more Apple after this one, back to reliable old PC.
I have exactly the same problem and have to have my wifi on as a backup. It's not ideal, but ethernet switches on and off almost every 2 to 3 seconds. I've tried everything advised by Apple: unplug and replug the ethernet cable; do a safe start; change location, the lot. It's only Big Sur.
I was experiencing this. Tried everything. It turned out to be Cisco anyconnect VPN I use through my employer - even when quit it was trying to filter the internet (which it couldn't because it wasn't connected). I removed all Cisco stuff from my network preferences and all is good now. This only happened with Big Sur.