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Tbh never bring up unless asked
If asked then be honest but describe the situation (MDs left / group underperforming)
They are going to ask you why you are currently looking. Everyone is aware of layoffs and that it’s out of your control. They don’t typically look down on people for layoffs.
It’s gonna be very difficult to explain why you quit your job in this environment. Just be honest
You should be honest if asked directly. Know offers pulled when they found out they were laid off
Do you have on your resume you are still at your job?