Pros
AMD has (or had) great individual contributors - engineers, MTS etc. For engineers, its easy to stand out by leading initiatives independently. If management was supportive, these guys can churn out products to beat Intel, but frequent roadmap changes lead to products being cancelled, leading to dissatisfaction. There is a great work-life balance, office is almost empty after 6 p.m. and no one cares about what time you come in as long as you get the work done.
Cons
-There is no long-term plan by management. Everyone misses Dirk Meyer. -Reorganizations happen almost every year, layoffs happen once in 15 months. -A lot of the mid-senior managers are unqualified. -Bonuses are rare. -Software division is treated as expendable even though there are a lot of really great engineers there. Lots of politics among the senior managers.