I am the manager and I am struggling with a declined velocity. I have tried to discuss with the team what is going on, and they say they got better at story point estimation. But I suspect they are not motivated.
A few months ago, the director announced that the company planned to phase out the software the team had been working on and replace it a different product from the market. He said there were no timelines yet for the sunset date and it was not their intention to leave users without alternatives. It is not clear if the team will have any role in the new product, so their future is uncertain.
Ever since the announcement, the velocity has declined by up to 50%. I suspect the team are either interviewing or ramping up their skills to prepare for their next job. How do I motivate them to restore their velocity?
I know it is not common for management to rely on velocity as a measure of productivity. But in this company, velocity and individual points are how teams and individuals are evaluated.