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This study examines the impact of COVID-19-induced telework on employment disparities and subjective well-being in Japan. The pandemic significantly altered work styles, with telework being widely promoted. However, disparities emerged: permanent employees and those in large companies benefited, while non-permanent employees and small company workers had limited access, increasing infection risks. Using JLPS panel data, the study analyzed telework implementation in 2020 (during restrictions) and 2021 (after relaxation). Findings show essential and manufacturing workers struggled with telework, while office workers, especially in IT and insurance, adapted. Even in 2021, many workplaces discontinued telework. Regression analysis revealed that commuting negatively affected happiness, while partial telework had a positive impact. The study highlights persistent employment disparities affecting well-being and suggests further research incorporating income variables.