"Story points" are exactly the kind of theater that is enabled when working in-person. Every in-person office I've worked at has been addicted to planning and estimating, because being in a meeting looks like work and is less stressful than pretending to work at your desk. It's an environment not conducive to actually shipping things that impact business success.
Was your profit negatively impacted? Because if it wasn't and people shipped less story points, it should tell you that metric has no value.
Managing Jira and tasking out stories and estimating story points drives me insane and I swear sometimes it's like 75% of my day. Everyone loves to brag about how "agile" we are but we'll spend like an hour discussing how we're going to do a task that will be 2 minutes of work.
And then non-developers are shocked/confused when things don't pan out as exactly how they were written on Jira because we were spending all our time trying to guess our way through how to task things out and how long they'll take instead of just doing the work to figure out what needs to be done. And then we have to go back and fix up the Jira board later, causing even more work. It's insane.
>because being in a meeting looks like work and is less stressful than pretending to work at your desk
Right, and who knows if their metrics were actually measuring meaningful work? If they are measuring in-office rituals like this that changed during the remote transition but they ultimately didn't lead to more tangible work being completed, then their metrics are worthless.
Story points must be calibrated by the team for themselves which seems to be the case based on statements from the original poster. If the velocity goes down, the team is getting less work done.
Using profit to measure developer productivity on the other hand is utter nonsense; not even the most clueless manager would come up with such an idea.
Was your profit negatively impacted? Because if it wasn't and people shipped less story points, it should tell you that metric has no value.