No, the Labtec Webcam Software won't work with Windows 10 in the close future, because the official website is discontinued. This means it will be impossible to acquire an updated version to the application. You could try to run it in Compatibility mode, but it's not guaranteed that it will work.
Tip: If it's necessary to install drivers, reboot the PC through Update and Recovery and go to Troubleshoot Startup, then select option 7 to disable Driver Enforcement.