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Starting this month, classic SharePoint team site home pages that have not been customized will be automatically updated to a modern home page template. This modern view contains many features that give team sites a fresher look and make the whole experience more user-friendly including:
Microsoft will gradually roll this out to targeted release to customers in early March 2020, with completion expected by the end of May.
On classic SharePoint team sites where the home page has not been customized, you will see a modern home page on your first visit after this feature debuts. On that first visit, SharePoint will walk you through the new capabilities.
Classic team sites that have been customized will not be automatically updated.
Site collection administrators or site owners can choose to revert to their previous classic home page or upgrade other home pages that weren’t part of the automatic modernization.