I'm speaking as someone who had gone through the HCL rebadging.
This is probably the best idea that management has made.
Most will agree that the "historical" culture at state farm was one where a few people did the work while others sat around and did very little.
HCL will not allow that culture to continue. Yes, the will honor the contract for the required year, but after that, the people who sat around doing nothing will either learn to work, or they will be shown the door.
I've seen people on my team who have done NOTHING for years finally decide they need to learn how to do their jobs.
Productivity will rise and dead weight will be let go, which state farm was always unwilling to do.