Pros
Salaries are competitive (for Labs), great work-life balance if your team is laid back (like mine). The culture is more or less of a typical Bay Area internet company. People are generally nice.
Kontras
Benefits are sub-par for a company trying to compete with Google, Facebook; health insurance is something that definitely needs to be considered when negotiating (same selection as store employees). Hiring process is a bit questionable; there doesn't seem to be a ton of concern for culture fit, at least on the Labs side. Labs leadership seems rather hands off; I sense that they are coasting as well, as they are not held accountable for anything important like revenue. The expectation is that you under-promise and over-deliver. There isn't much incentive to innovate.