Chief Executive Officer Yang Yuanqing says the world’s No. 4 PC-maker is shifting its focus to “long-term” growth and also plans no further layoffs.

Speaking to reporters at the Chinese People’s Political Consultative Conference in Beijing, Yang told reporters that he also planned no more layoffs.

Yang changed from CEO to chairman as part of a management shakeup last month. William Amelio left as CEO after three years. Lin Chuanzhi, one of Lenovo’s founders, resumed his role as chairman.

"We are now prioritizing long-term growth, instead of short-term growth as we did before," Yang said, according to China Daily.

Yang, who maintains a home in the Triangle area where Lenovo operates one of its two headquarters, also said he was not planning further layoffs and would continue to pursue potential acquisitions, Reuters reported.

Lenovo announced plans to cut its work force by 2,500 people after a $97 million loss for the fourth quarter. Last week, the company said it would add 450 jobs at its Beijing operations.

Rumors have circulated that Lenovo was in renewed talks to acquire Brazilian PC-maker Positivo after talks broke off last year.

Lenovo is not in talks to acquire the PC business unit of Fujitsu, Yang told Reuters.

To deal with the global recession, Yang said Lenovo would focus on product innovation and emerging markets.

“Yang said Lenovo will export its successful business model in China into emerging markets such as Russia and Brazil,” China Daily said.