What does 2 Samuel 17:23 mean?

When Ahithophel saw his advice hadn't been followed, he saddled his donkey, went home to his city, put his affairs in order, and hanged himself. He died and was buried in his family's tomb. 2 Samuel 17:23 - Modern Text Bible

(Ahithophel, realizing his influence is gone and likely fearing the consequences, takes his own life.)