Dad lost Job - is there a way to report (and should I?)

Hi all, As you can probably get by the title, my dad lost his job yesterday. Both parents work, but my dad makes 85k out of our 99-101k net income. Is there a way to report this (and should I)? We have no idea where he's going to get a new job and we're fairly in debt. We're struggling, but hopefully we'll slide through. I applied to Stanford EA. Thanks