This is no laughing matter.

Alec Baldwin has stated again that he might soon ditch his Donald Trump impersonation on “Saturday Night Live,” this time because he predicts viewers will be too depressed to see the humor.

Baldwin confirmed to the British Press Association on Thursday that he will continue his Trump shtick when he is available this season on “SNL,” which has seen a ratings revival due in part to Baldwin’s antics as commander-in-chief.

But all bets are off for next season.

“After that, I don’t quite know,” he says in the clip above. “I don’t quite know if people want to continue with that. If everything stays the same in the country as it is now, I don’t think people will be in the mood to laugh about it come September.”

Earlier in March, the actor warned that he may shortly pull the plug on his Trump gig because of the administration’s “maliciousness.”

NBC via Getty Images Alec Baldwin as President Donald Trump in an "SNL" sketch aired in February.

Although Baldwin is reportedly writing a book as Trump, spoofing the president in yet another medium ― perhaps in film or onstage ― doesn’t appeal to the actor.

“I don’t know if I’d want to be Trump for more than a 5-minute slug of time on ‘Saturday Night Live,’” he said. “You’d have to pay me like an ungodly amount of money because it would be exhausting. It would be tiresome.”

Tina Fey, Alec Baldwin, Mahershala Ali, Amy Poehler and a whole host of other stars are teaming up for Stand for Rights: A Benefit for the ACLU. Join us at 7 p.m. Eastern on Friday, March 31 on Facebook Live.

You can support the ACLU right away. Text POWER to 20222 to give $10 to the ACLU. The ACLU will call you to explain other actions you can take to help. Visit www.hmgf.org/t for terms. #StandForRights2017