I'm encountering the same issue too.
Tried uninstalling and repairing the the bluetooth earphones, and the same issue persist.
It will either just allow me audio, with no mic, or vice-versa just mic without any audio.
Tried with a second bluetooth sepaker and confirm the same findings.
Yet, both my bluetooth earphones and bluetooh speaker works perfectly with my mobile phone.
Also need to highlight that before 20Oct, this issue is non-existent. I'm pretty sure a Windows update broke something . In particular KB5066835 was the update