American Media has completed the National Enquirer’s move back to the Big Apple but with a lot of bloodletting.

One source estimated about 40 Enquirer staffers were pink-slipped in Boca Raton, Fla.

Insiders said it comes amid a general round of corporate belt tightening in part tied to the delivery problems connected to the shutdown of Source Interlink’s magazine wholesale operation.

Dylan Howard is the new Enquirer editor-in-chief, replacing Tony Frost who stayed behind to edit the Globe tabloid.

American Media would not confirm the number of layoffs at its Florida headquarters, although the company said that it hired even more staffers in New York to replace them.

“There was a net-net gain in head count,” a spokesman said.