Pros
A very rewarding job with a lot of autonomy and variety - I've been a Labs Manager for over a year and no day has been the same. It's like running your own startup, but with the benefits of having resources and a team to support you. HQ (both WeWork and WeWork Labs HQs) are very much enabling in your role rather than monitoring or restricting. There are good career (growth) opportunities and management has the right priorities when it comes to career coaching. Above all, the Labs team (both local and global) are some of the smartest people I've ever met and I've felt completely at home from day 1.
Cons
Since you have full ownership of your Lab, it is not uncommon to work long hours. This is not required or enforced by management or company culture, but it's something that happens regularly because there's simply so much to do.