Q:

function of `with` in `concurrent.futures`

The code below executes as expected by returning the total finish time as almost zero because it doesn't wait for the threads to finish every job.
import concurrent.futures
import time

start = time.perf_counter()

def do_something(seconds):
    print(f'Sleeping {seconds} second(s)...')
    time.sleep(seconds)
    return f'Done Sleeping...{seconds}'

executor= concurrent.futures.ThreadPoolExecutor()
secs = [10, 4, 3, 2, 1]

fs = [executor.submit(do_something, sec) for sec in secs]

finish = time.perf_counter()

print(f'Finished in {round(finish-start, 2)} second(s)')

But with the with command it does wait:
with concurrent.futures.ThreadPoolExecutor() as executor:
    secs = [10, 4, 3, 2, 1]

    fs = [executor.submit(do_something, sec) for sec in secs]

Why? What is the reason that with has this behavior with multithreading?

A:

Using a concurrent.futures.Executor in a with statement is equivalent to calling Executor.shutdown after using it – causing the executor to wait for all tasks to complete. An Executor used in a with guarantees proper shutdown of concurrent tasks even if an error occurs inside the with block.

Executor.shutdown(wait=True)
Signal the executor that it should free any
  resources that it is using when the currently pending futures are done
  executing. Calls to Executor.submit() and Executor.map() made after
  shutdown will raise RuntimeError.
[...]
You can avoid having to call this method explicitly if you use the
  with statement, which will shutdown the Executor (waiting as if
  Executor.shutdown() were called with wait set to True):
  [...]

A:

concurrent.futures is not well documented. When you create an executor it must be shutdown to terminate its threads or processes. That code will signal the threads to exit by pushing a None command to them and then wait for them to complete. In your first case, had you added executor.shutdown() you'd see the delay. It was there anyway - the program still took 10 seconds to exit.
The executor can be used as a context manager (it as __enter__ and __exit__ methods). When it exits the "with" block, __exit__ is called and it in turn does the shutdown call for you. 

