No it doesn't.
Software updates will contain various things like bug fixes, security patchs and Software updates. Some will contain Software upgrades as well with new features etc
Occasionally you can get a bug after an update, which normally gets fixed quite quickly.
Problems can arise if apps haven't been updated for a while or the app developers haven't updated on their end
Occasionally if a phone is a bit older, you can get issues with old cashe data.
But wiping the Partition Cashe can help fix this
