My company is hiring too many people and is now putting new employees in the hallways and in our tiny offices

We have gone from a handful of devs to a whole team and now they are doubling us up on office space. The owner is waking around talking about how important it is for “collaboration”… These fuckers will truly make up anything to save money and make our lives worse. I know they'll pay for it in higher turnover and decreased productivity, but unfortunately they are so stupid that they'll never realize why it happened.