I case someone else faces this issue...
I opened a support ticket and they provided the following response which resolved my issue:
Launcher 4.0 uses new native Android APIs for Google EMM Registered enrollments in the standard Android profile. These new APIs fall under the umbrella of Corporate-Owned Single-Use (COSU) mode. Some features are removed while using COSU mode, this is purposeful to be able to drastically increase the security of the Launcher application. Please see the drawbacks and benefits below, use this custom XML tag to skip COSU mode setup.
Impacted features include the removal of the Notification / Status Bar at the top of the screen and the Home & Recent Task soft keys at the bottom of the screen.
By using COSU mode (default), the level of security is greatly improved within the Application.
In DO mode, COSU will be configured by default. In case if you would like to use that functionality, you can disable COSU setup.
<characteristic type=' com.airwatch.android.androidwork.launcher' uuid=' 568bc89d-1df8-4ce9-a041-e5a24acdb7ec' >
<parm name=' SkipCosuSetup' value=' True' />
</characteristic>
Just add that XML as a custom setting to your launcher profile.
