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Nick Buckles, chief executive of G4S, said the security firm will "continue to play a major role in this sector" despite the failure to deliver its Olympic contract.
G4S is conducting an internal review after its failure to provide all of the 10,400 contracted guards for London 2012 forced the Government to step in with military personnel.
The security firm G4S has said it had delivered 83% of contracted shifts for the Olympics and that it was confident the Paralympic Games would be fully staffed.
The chief executive of G4S Nick Buckles said he was "deeply disappointed" with the security firm's failure to fulfil its Olympics contract, according to Sky News.
The Sun's Business Editor Steve Hawkes has tweeted that only a small number of the G4S job cuts will effect the UK.
The Sun's Business Editor Steve Hawkes has tweeted that security firm G4S is planning to cut 1,100 jobs.
Security company G4S says the failure to fulfil its Olympics contract has cost it £50 million, according to Sky News.
Latest ITV News reports
The Olympics fiasco could hurt G4S' role in the public sector in the UK, making them a less tempting choice for government or councils.
Security company G4S has admitted the failure to fulfil its Olympics contract cost it in the region of £50 million.