I recently noticed that my smart watch was not notifying me for messages. I know from experience that Android’s work profile function has contributed to challenges with work apps being able to notify personal companion devices like smartwatches and car infotainment systems.
If you are missing work notifications on your watch, try this. Open the Wear app on your phone and tap Watch Settings. Then go to Notifications and tap App Notifications. Scroll down the list to find the app you wish to receive notifications from, for example, Teams or Outlook.

You should see a toggle to enable the work profile version’s notifications. Flip the toggle to on, that’s it. Assuming that your company isn’t blocking them, you should start receiving notifications immediately. I found this setting to be available for every work profile app installed on my device, and they were all off by default, except Outlook. I hope it works for you as well as it did for me.