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

My whole team was cut and I want to say it calmly. Any experience at all would help. I have been practising in the mirror. What do you say?

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

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.