Google announced officially that there will be page experience update on June month middle dates, So it means if your website pages having poor page experience for users then it might impact bad for your seo, thus you have to be prepare good page experience for your website.
What means page experience?
Google have given very deep details about Page experience so we can learn and understand what actually page experience update means. There are many factors which will decide about page experience. It is set of signals which will based on users perspective. It includes Core Web Vitals. It will not ignore current search signals such as mobile-friendliness, safe-browsing, HTTPS, and intrusive interstitial guidelines.
We are expecting that core web vitals will be the most important part of page experience, because Google is regularly pushing attention on it. Google also said that great page experience doesn’t override having great page content. Content will be always most important factor of ranking.
So prepare your website for the new change, as Google has given enough time to prepare, also it was going to be out on May 2021 but for some internal reason google has pushed it ahead to mid June 2021.