Staff at Bewleys on Dublin's Grafton Street are to be made redundant as the cafe closes for refurbishment.
It's expected to be shut for at least six months, leaving 140 people without work.
In a statement, Chief Executive John Cahill said it's 'deeply regrettable' that the plan will result in reundancies.
The cafe's expected to close its doors next month and reopen in September after a 1 million euro upgrade.
Business Reporter Ian Guider says a rental agreement is being blamed for huge losses at the cafe: