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

My whole team was cut and I want to say it calmly. There are 6 people counting on me, so I am trying to be careful. I have been practising in the mirror. What do you say?

Thanks for writing this out. I went through something close to it 9 months ago, and it settled down once I kept a simple log of every call and form.