But some things i think you won't be able to replace --
You won't be able to replace speed on short-term projects. Lots of people means lots of communication overhead, which really kills fast responsive speed. If you value time to answer, you'd prefer a small team of really smart people instead of a large team of average people.
You won't be able to replace the insights. Tasks and knowledge are distributed amongst many individuals in bite-size chunks, so you miss out on insights you only get when someone holds everything in their head at once.
You won't be able to have a small team / small company culture anymore. You have to be large, standardized, bureaucratic, catering to the least common denominator. And then make up for it with volume.