Best bit for Formica covered Plywood

I am building 6 large desks for a company and all of them will have a 38"x94" top of BB Plywood covered with formica. I plan to put the formica on, then cut the top out of a 4’x8’ sheet. What is the best bit for this?
Any chip out would ruin the piece, so I’m also looking for tips to avoid this.

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Compression or down cut


Amma Tools has a series just for this sort of work;

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