Is it OK to rename a Time and Labor objects:HCM Groups,TimeEntryLayoutComponents, and TimeLayoutSets

Summary:

What should be evaluated before renaming active Time and Labor configuration objects (HCM Groups, Time Entry Layout Components, and Time Layout Sets)?

Following a business acquisition, we need to update the naming convention of several active Time and Labor configuration objects to better reflect an expanded employee population. We would like to understand the risks, impacts, and Oracle best practices before proceeding.

Content (please ensure you mask any confidential information):

We currently have an active Time and Labor configuration that was originally designed for a specific employee population. Following a recent business acquisition, the same configuration will now be utilized by a broader workforce population.