Studio closures happen when their parent company is losing money. This isn't something exclusive to the gaming industry. Most of these devs are talented and are picked up asap by another studio. Hell, and more and more we see the guys who have already made so much money in their career they can afford to take a chance and start their own indy studio. Stop trying to act like there is some ridiculous unemployment rate for game designers and programmers, because there certainly is not. Also even if AAA gaming died tomorrow most of these guys would be just fine as their skills translate to far more professions then just making video games.