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Any chance you can boomerang back to your old job/employer? I know it's not ideal, but it does happen quite frequently. The grass isn't always greener. If not, then I'd start actively looking and try to find another opportunity. That's bait and switch, and it sounds like they're underutilizing you. I'd be pissed.
I knocked that door too. But they are not hiring anymore. Whats worrying me is that being under-utilised could end up being detrimental. Do u know if anyone is hiring a PO/ PM
Take advantage of any available professional development resources within your organization. See if there are training programs, workshops, or mentorship opportunities. Enhancing your skills and knowledge can make you more valuable to the company and potentially open doors to new opportunities.