Microsoft retracted the announcement of the deprecation of the classic Azure Information Protection client and label management in the Azure portal. Office 365 sensitivity labels have taken over from AIP clients in most tenants, so the impact of this change is limited. However, if you still need to use an AIP client, you should move to the unified version.
https://office365itpros.com/2020/01/10/classic-azure-information-protection-client-onwayout/
