Pros
AMD has been in a lot of turmoil over the past few years, but it feels like it's turning around. Especially if you are in the RTG side (graphics), AMD can be a great place to work, especially with a good direct manager. Raja Koduri has proven to be a great leader and has accomplished a lot to turn around the culture and "vibe" within the company. There are plenty of opportunities to make an impact, especially at this point in time. This is pretty rare for a company of this size and age.
Cons
IT at this company has been getting a lot of attention, but doesn't seem to be improving. They continually prove to be far better at creating obstacles instead of solutions. It's easily the #1 complaint of both new employees and veterans at AMD. I am surprised that the top executives and management of infrastructure and IT have survived this long.