is preparing to announce a corporate restructuring that will include changes in management and layoffs at its operations in Beijing, Reuters reported Friday.

The changes are expected to be announced Jan. 8.

Lenovo, the world’s No. 4 PC manufacturer, moved its international headquarters to Morrisville after acquiring IBM’s PC business for more than $1 billion in 2005. A recent round of layoffs affected some 50 workers at its Morrisville campus, which includes three buildings.

The Reuters report, which cited a story in the China-based magazine Caijing, is the latest in a series of stories citing unnamed sources that Lenovo would be making numerous changes in an attempt to deal with the global economic slowdown. Caijing based its story on “unnamed company insiders,” Reuters said.

Ten senior executives will be cut among 200 job reductions in Beijing, Reuters quoted the magazine as saying.

Lenovo officials were not available for comment.

The magazine also reported that Lenovo has suspended new hires and will reduce contractors at manufacturing facilities.

Earlier this week, other Chinese media reported that Lenovo was reorganizing its Asian and Russian operations. David Miller, who leads the Asia Pacific region, reportedly will resign and be replaced by Chen Shaopeng, the president of the Greater China region.

Most of Lenovo’s business is done in China, where the company was launched more than 20 years ago.