Well, I'm on a small two person team.. for the last few years I would have loved to have 2-3 people under me.. I've been underwater constantly, but we couldn't afford it.
Now I have no need for anyone from a coding perspective.. I can keep up with multiple clients requests with a breeze. I don't have to manage anyone. I type of my phone while I'm on a walk and work gets done for me.
So yeah... it's not good.