The short answer is yes.

Some Laptops may switch from a powerful GPU to a lightweight GPU or viceversa, causing the GPU to temporarily or permanently disappear and thus give you a device lost.

Depending on the type of app you're developing, you will need to handle this situation.

A fullscreen videogame will rarely feel the need for this because it never wants the lightweight GPU.

But if your app is a tool (e.g. CAD, or you're the Qt library using Vulkan as its backend, whatever) you're much more likely to encounter this scenario, and these types of tools will at least need you to save all user data before crash, or ideally recover as if nothing happened.