Great advice here for new managers in this wild time we find ourselves in. In general:
Whereas the previous focus of managers was to rapidly hire and scale their teams, today’s focus is on expanding impact. This is because in today’s macroeconomic environment, output is key. In the eyes of a 2025 company, the more that you can do with fewer people, the better. There are very few additional people to go around, so the focus is on how you can help your team do more with less.
James focuses specifically on EMs, but the advice definitely applies to PMs too, so check out his post if this is you!