There still would've been a bloodbath because chemical engineers aren't EEs/SEs. All the Kodak scientists/engineers/factory workers who were designing and making film would not have immediately pivoted to digital camera design and software development.

The "camera design" portion of kodak isn't where the primary bloodbath happened. The bloodbath happened when film died.

In other words, kodak the company may have thrived, but only by shedding huge portions of its workforce and retooling.

I guess if all you care about is stock value, then sure, Kodak could've pulled it off. But for the folks on the ground, the bloodbath would've happened either way.