Jack and Elon seem to be good friends. Elon clearly knew this was coming and still made a bid for Twitter. Could Elon be planning to bring Twitter to Bluesky? It seems crazy, but you never know.
For one, it's not so clear anymore that Elon actually wants to buy Twitter, is it? Then Bluesky would have to succeed, for Twitter to move there. How many web3 projects have succeeded yet?
It doesn't seem to matter if he wants to at this point. Not only is he being told he has to, but also faces court rulings about messing about with the process. Unless something significant changes, it's likely a matter of time before he does. (or pays significant penalties)
I don't think Elon or anyone who knows Jack Dorsey thinks this will catch on. Dorsey is unfocused, a poor leader, and terrible at building B2C products.
I mean the issue isn't really getting ride of 75% it's keeping the valuable 25%. I think most people can agree that in general twitter's staff does basically nothing of value. I just don't see how they can convince the others to stay after that degree of firing.