How do I explain a layoff in interviews? (Albuquerque)

My whole team was cut and I want to say it calmly. I do not usually post, so bear with me. I have been practising in the mirror. What do you say?

I keep it to two sentences: the company cut my team, and here is what I am proud of and what I am looking for next.

Practise it out loud with a friend. Mine felt natural after the third try.