It's probably a bad sign. Almost no one is in a position to bring that many on board and use them effectively, and I'm tempted to say no one is unless they're already a fair multiple of that size. When you combine that with being open to "beginners willing to learn" which almost no one can afford, it makes it sound like one of the "We need 5 times what our ten guys are doing and that means 40 more." bad decisions. Generally you don't need forty more. You need one or two geniuses and perhaps management and replacement.

This is all based on information in this posting. I know nothing about the company or its situation or even if they really are looking for 40+. I'm just generally suspicious about this sort of recruiting.