What do I say about why I left my last job? (Oklahoma City)

My whole team was cut and I want to say it calmly. I am in Oklahoma City, in case local advice matters. I do not want to blame the company. 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.

If a company has been in the news for layoffs, you can mention that. Often the interviewer already knows.