What do I say about why I left my last job?

My whole team was cut and I want to say it calmly. I also do not want to seem like a risk. Do they ask follow-ups?

Thanks for writing this out. I went through something close to it 10 months ago, and it settled down once I kept a simple log of every call and form.

Keep everything in writing and save the confirmation numbers. It made the follow-up calls so much easier.