Gaming controller Y-axis inverted, controller profile changes have no effect in Sequoia 15.2

I have an issue when connecting my wired Xbox 360 controller to my M4 Mac mini, in that both the left and right analogue sticks have their Y-axis inverted.

What is more, attempting to change the controller profile under the 'Gaming Controllers' system settings to compensate for this, or indeed make any changes such as swapping the bindings of the 'a' and 'b' buttons, appears to have no effect.

I have tested this in multiple steam games, and in both Safari and Chrome using https://hardwaretester.com/gamepad.

I can see that others also appear to be having the issue, though I don't yet see anything about it in this forum

[Edited by Moderator]