How do I explain a layoff in interviews? - any advice?

My whole team was cut and I want to say it calmly. I have read a lot of threads here and could not find my exact situation. 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.