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.
Thanks!

Compression or down cut

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