CmdID / PowerShell / Cmdlets / Remove
Remove-Label
Use the Remove-Label cmdlet to remove sensitivity labels from your organization. Exchange PowerShell reference
From the Exchange PowerShell reference 3 parameters Its page in the reference
Parameters
-IdentityThe Identity parameter specifies the sensitivity label that you want to remove.-Confirm, -cfThe Confirm switch specifies whether to show or hide the confirmation prompt.-WhatIf, -wiThe WhatIf switch doesn't work in Security & Compliance PowerShell.