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Hubbers can leave, you just deactivate your account and POOF you're gone :) Unless they have changed something within the last two years, hubbers can leave and join any time.
But why is it happening?
Why such a drastic downfall?
How many of them were banned and for what reason. Maybe the banned ones can get a warning first and they can correct what they have been doing and how many return?
It's just a thought but I guess most people leave because they don't make the amount of money they were expecting to make, as opposed to just write, enjoy and spread the wonderful Hublove.
It could be happening,possibly for one, because a good deal of writers here, are not making the income that they would like to be. However I do also believe that the amount of new hubbers joining daily, adds up to ones that left.
Hubbers leave/get banned all the time. I know of an old hubber who used to get banned (no joke) at least once amonth. It became impossible to keep up with his ever changing personas. His almost always had to do with comments made in the forums.
What is likely to work well on here has changed. That's all. "Older" people signed up with "a different site" than it is today. Many don't like the changes. "Newer" people sign up under today's guidelines and know what they're signing up for.
Many of the same problems that devastated Squidoo have moved over to Hubpages. People feel that they are being banned or penalized for foolish reasons. It appears that robots are making most of the decisions. People feel impotent and bored.