In a Monday note to investors, Williams Trading analyst Sam Poser called out reports that Nike "may be planning to license out its entire golf business" and part ways with Woods, Mcilroy, Scheffler and Koepka, and said such changes would "likely remove Nike's presence in golf and will do long-term damage to the brand." Nike also appears to have undergone recent layoffs. In November, some Nike employees took to LinkedIn to share that they have been laid off from the company as the Swoosh unveils major C-suite changes across design and marketing. According to the posts, the cuts occurred across talent and product management teams, as well as in contracted roles like copywriting. Nike did not return FN's request for comment for this story in November. As for China, a consistently hot issue for Nike, analysts will be looking once more for signs of recovery in the region.