Is group hiring always a good thing?

Current AN1 at a smaller shop and my group is looking to hire some associates and VPs (and maybe higher if the opportunity presents) in addition to the typical cycle of analysts. Is this a good thing? Meaning that the group has been brining in enough business to get approval for hiring or maybe that a lot of people are expected to leave? Or something else I'm not considering?

Any insight and opinion is helpful, thank you!

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