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Be honest - market is hot so hopefully you should not have a hard time finding another job, if you want to venture out.
Chief
Sounds legit and not related to you specifically. You got screwed. Be honest.
If the reorg is public info, then share it. But it will reduce your negotiating power because you will be unemployed or facing unemployment. I would probably stay there for 3 months to be recruiting while employed, avoid a resume gap and keep building yoe (on paper).