I can confirm that this workaround works also for me (I had the same problem as described by other users).
Also, for a more permanent fix, I used the solution pointed out in a comment of the video above:
https://www.dell.com/community/Latitude/Latitude-5400-no-sound-after-May-2021-Windows-update/m-p/7999487/highlight/true#M35018
which consists on changing a field in the Windows Registry.
The registry fix worked like a charm! My audio is back where it should be after a restart. :-)
I can imagine not everyone has another working pc at hand, so this is the content of the reg file to change the value of HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\Terminal Server\WinStations] "ConsoleSecurity" as described here: https://www.dell.com/community/Latitude/Latitude-5400-no-sound-after-May-2021-Windows-update/m-p/7999487/highlight/true#M35018
*************************************start of reg file*****************************************************
Windows Registry Editor Version 5.00
[HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\Terminal Server\WinStations]
"ConsoleSecurity"=hex:01,00,14,80,9c,00,00,00,a8,00,00,00,00,00,00,00,14,00,00,\
00,02,00,88,00,06,00,00,00,00,00,14,00,01,00,00,00,01,01,00,00,00,00,00,05,\
04,00,00,00,00,00,14,00,bf,03,0f,00,01,01,00,00,00,00,00,05,12,00,00,00,00,\
00,14,00,89,00,0f,00,01,01,00,00,00,00,00,05,13,00,00,00,00,00,14,00,81,00,\
00,00,01,01,00,00,00,00,00,05,14,00,00,00,00,00,18,00,bf,03,0f,00,01,02,00,\
00,00,00,00,05,20,00,00,00,20,02,00,00,00,00,18,00,21,01,00,00,01,02,00,00,\
00,00,00,05,20,00,00,00,2b,02,00,00,01,01,00,00,00,00,00,05,12,00,00,00,01,\
01,00,00,00,00,00,05,12,00,00,00
***********************************end of reg file******************************************************
Make a backup of your registry or create a restore point.
Open notepad, copy & paste the text between the ******** (not the *************** themselves!) into the new document and save as a file with a .reg extension. Double click the newly created file, confirm the pop-up questions and your registry has been repaired.