I am working as System Analyst in small scale company but my company lay off many of its employees including me because some clients left the company , so now I also started hunting for job but My question is if recruiter asks me the reason behind to left the job then is it ok to say real reason?

I am working as System Analyst in small scale company but my company lay off many of its employees, including me, because some clients left the company.

Now I have started hunting for jobs, but if recruiters ask me for the reason behind leaving my job then is it OK to say real reason?