Rami Arieli: "The Laser Adventure" Chapter 5 Section 3, page 1

5.3 “Hole Burning” in the Laser Gain Curve

The active medium gain depends on population inversion, and the fluorescence line shape.

This gain is influenced by the lasing process itself, since lasing change the population inversion conditions.

Stimulated emission causes depletion of the upper laser level, and reduces the population inversion.
Thus, gain is reduced until pumping increase the upper level population again.