I don't know if this is how things were working even before my update, but when customizing the duration of my status, the values of the Status combo box appears behind the values of the time duration.
1. Click on your profile picture
2. Select/Click the arrow on the status control
3. Click "Duration"
It's not a big deal, I just need to click again on the "Busy" combo box in order to retrive those values. But to me, UX can be better on this controls. I would expect something different like when selecting one control automatically hide the other (if they were selected before) of put in front the values of the first combo box.
Version: You have Microsoft Teams Version 1.4.00.29469 (32-bit). It was last updated on 11/3/2021.