This study contributes to research examining how IT professionals cope with the threat of professional obsolescence. In answering this question, this study draws on theories of occupational stress, specifically the theory of conservation of resources (Hobfoll 2002; Hobfoll and Freedy 1993), to relate the threat of professional obsolescence with IT professionals’ coping behaviors. This study extends the theory of conservation of resources in several directions such as theorizing and testing the job mobility intentions of turnover and turnaway as consequences; and by proposing organizational updating climate as a proximal contextual moderating factor. The results obtained from a large sample of IT professionals are both consistent with and contrary to theorized relationships. We also uncover several new findings pertaining to the role played by organization updating climate and its potential limit in supporting updating activities of IT professionals. We conclude this study with a discussion of the results and propose future research directions.