Retail company Brown Thomas Arnotts says it is to cut 150 jobs due to the 'unprecedented circumstances' of COVID-19.
It says this is part of overall cost reduction following a review which has "spanned across every function in the business."
It says it is also looking at ways of strengthening parts of the business that have become even more critical, such as digital.
The company says it will now begin a consultative process with the people affected.
Options open to them could include adjusting working hours, taking a career break, early retirement or a short working week.
This process is expected to be finished by mid-October.
Donald McDonald, managing director of Brown Thomas Arnotts, said: "We have devised a plan to not only protect our business but position us to navigate the significant challenges that lie ahead - we have prepared for a whole range of possible and even unpredictable outcomes.
"Delivering an extraordinary customer experience in the most sustainable way is at the heart of everything we do and we will continue to strive to reinvent the retail experience to ensure our future, while at the same time we need to ensure our cost base is in line with the level of business we realistically can expect.
"Very sadly, this does mean making changes to our organisation that directly affect our people and, as a family business, these are the hardest decisions for us.
"This is why it is so difficult to share news today of the toughest decision I have had to take in my time as managing director, which is that as part of our overall cost reduction requirements we will need to make a reduction in the number of people employed in the business by 150 people."
He added: "The retail industry is being severely impacted by unprecedented circumstances related to COVID-19 and Brown Thomas Arnotts is no exception.
"Like many others, we are feeling the effects with sales expected to be significantly down, making 2020 the toughest year we have experienced in recent times.
"And as we face continued uncertainty, with retail unlikely to return to normal for the foreseeable future, it is clear that we need to take a series of steps to ensure our cost base is sustainable, consistent with the level of business we realistically expect, and to ensure our resources are aligned with the current and anticipated requirements of the business."