Hi @JW
Greetings & Welcome to Microsoft Q&A forum! Thanks for posting your query!
Currently, there isn’t an official script from Microsoft specifically designed to remove sensitivity labels applied to emails in bulk.
Appreciate if you could share the feedback on our feedback channel. Which would be open for the user community to upvote & comment on. This allows our product teams to effectively prioritize your request against our existing feature backlog and gives insight into the potential impact of implementing the suggested feature.
If you delete a sensitivity label from the Microsoft Purview portal or the Microsoft Purview compliance portal, the label isn't automatically removed from content, and any protection settings continue to be enforced on content that had that label applied.
If you edit a sensitivity label, the version of the label that was applied to content is what's enforced on that content.
For detailed information about what happens when you delete a sensitivity label and how this is different from removing it from a sensitivity label policy, see Removing and deleting labels.
I hope this information helps. Please do let us know if you have any further queries.
Please do consider to upvote the comment wherever the information provided helps you, this can be beneficial to other community members for remediation for similar issues.
Thank you.