Confirmed reports also claim that Accenture is looking ahead to fire 5% of its global workforce. The company has 5 lakh employees globally, of which 2 lakh are in India – that makes the count 10,000. Julie Sweet, CEO Accenture said, "In a normal year, we transition out about 5% and we hire to replace them, because we are in a demand scenario. Right now, we're not in a demand scenario, so if we manage out the same percentage of people and don't replace them, it allows us to continue to invest and preserve some people who have lower changeability for when the market comes back."