An ejector-type refrigeration cycle includes an upstream side gas-liquid separator that separates a refrigerant that has flowed out of a diffuser portion of an ejector into gas and liquid and allows the separated liquid-phase refrigerant to flow to an evaporator without storing the separated liquid-phase refrigerant, and a downstream side gas-liquid separator that separates the refrigerant flowing out of the upstream side gas-liquid separator into gas and liquid, stores the separated liquid-phase refrigerant, and allows the separated gas-phase refrigerant to flow out toward an inlet side of a compressor. The ejector-type refrigeration cycle includes a refrigerant oil bypass passage for introducing a refrigerator oil within the diffuser portion into the downstream side gas-liquid separator.