I tried to keep a positive outlook on this "re-badge" announcement, but yeah....do the research and think. HCL's intention is to learn the process, reduce the amount of "re-badged" Xerox/GIS employees by having us train our own replacements, and shift the cost of business to a lower bracket. Get your resumes going, folks!
Oh...and it's not "re-badging"! You've been terminated with a temp agency cushion.
Excellent point by @YfqVUxD-2miv . It was definitely worth reposting.