looks like you've been affected by the March update, but I don't agree with the other guy that it will be solved, it's not a guarantee. You should check what the update broke and fix it, don't wait until the next update. If you know for sure that the update didn't break anything then you can wait for the next update (although it's still not guarantee that you'll get your rankings back)
You have to fix your website and see what is the issue like on page or technical and optimize your website rather than waiting for next update and getting hit so badly.
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