Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

In connection with the organizational changes described in Item 7.01, on June 29, 2022, Cognizant Technology Solutions Corporation (the "Company") determined that Rajesh Nambiar, Executive Vice President and President, Digital Business and Technology, and Chairman, Cognizant India, would cease to serve as the Company's Executive Vice President and President, Digital Business and Technology, effective July 6, 2022, and would thereby cease to be an executive officer of the Company as of such date. Mr. Nambiar will continue to serve as Executive Vice President, Chairman and Managing Director of Cognizant India. His compensation in such role will be commensurate with compensation within the organization for officers who are not executive officers.

Item 7.01. Regulation FD Disclosure

On July 6, 2022, the Company announced that it will be simplifying its internal operating structure around practice areas and delivery operations. This change is part of the Company's ongoing strategy to shift towards delivering client business outcomes aligned by industry. The Company is merging its Digital Business & Technology (DB&T) and Digital Business Operations (DBO) practice areas with the respective delivery organizations to create four new integrated practices: Software & Platform Engineering, Core Technologies & Insights, Enterprise Platform Services, and Intuitive Operations & Automation. This change will not impact the Company's reportable business segments. With these changes, the Company expects to better serve clients, enabling best in class offerings and capabilities, and creating even more opportunity for associates with exposure to additional career growth.

The information above includes statements that may constitute express or implied forward-looking statements relating to our expectations regarding the anticipated benefits of and impact of the revised organizational structure on our business. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from those expressed or implied include the competitive and rapidly changing nature of the markets we compete in, the competitive marketplace for talent and its impact on employee recruitment and retention, our ability to successfully implement the planned organizational changes, and the other factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. Cognizant undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

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