The World Economic Forum today deferred its January 17-21 Davos annual meeting of billionaires, corporate tycoons, celebrities, politicos, influencers and ad/PR people until the early summer due to the Omicron outbreak.

The high-level of Omicron transmissibility and its impact on travel and mobility forced WEF’s hand.

WEF slates online “State of the World” sessions in January to tide participants over until the in-person gathering in the summer.

“The deferral of the annual meeting will not prevent progress through continued digital convening of leaders from business, government and civil society,” Klaus Schwab, WEF founder and executive chairman, said in a statement. “Public-private cooperation has moved forward throughout the pandemic and that will continue apace."