diff --git a/CHANGELOG.md b/CHANGELOG.md
index c7c200448e3e..45f2fd4e0eb5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,7 @@
 - `[jest-config]` [**BREAKING**] Default to Node testing environment instead of browser (JSDOM) ([#9874](https://github.com/facebook/jest/pull/9874))
 - `[jest-config]` [**BREAKING**] Use `jest-circus` as default test runner ([#10686](https://github.com/facebook/jest/pull/10686))
 - `[jest-config, jest-runtime]` Support ESM for files other than `.js` and `.mjs` ([#10823](https://github.com/facebook/jest/pull/10823))
+- `[jest-core]` make `TestWatcher` extend `emittery` ([#10324](https://github.com/facebook/jest/pull/10324))
 - `[jest-repl, jest-runner]` [**BREAKING**] Run transforms over environment ([#8751](https://github.com/facebook/jest/pull/8751))
 - `[jest-runner]` [**BREAKING**] set exit code to 1 if test logs after teardown ([#10728](https://github.com/facebook/jest/pull/10728))
 - `[jest-snapshot]` [**BREAKING**] Make prettier optional for inline snapshots - fall back to string replacement ([#7792](https://github.com/facebook/jest/pull/7792))
diff --git a/packages/jest-core/package.json b/packages/jest-core/package.json
index 4b9e0f1d16f1..3634e2f993f2 100644
--- a/packages/jest-core/package.json
+++ b/packages/jest-core/package.json
@@ -17,6 +17,7 @@
     "@types/node": "*",
     "ansi-escapes": "^4.2.1",
     "chalk": "^4.0.0",
+    "emittery": "^0.7.2",
     "exit": "^0.1.2",
     "graceful-fs": "^4.2.4",
     "jest-changed-files": "^26.6.2",
diff --git a/packages/jest-core/src/TestScheduler.ts b/packages/jest-core/src/TestScheduler.ts
index 4af975dfe96c..fa75861835af 100644
--- a/packages/jest-core/src/TestScheduler.ts
+++ b/packages/jest-core/src/TestScheduler.ts
@@ -419,7 +419,7 @@ export default class TestScheduler {
     throw new Error('Reporter should be either a string or an array');
   }
 
-  private _bailIfNeeded(
+  private async _bailIfNeeded(
     contexts: Set<Context>,
     aggregatedResults: AggregatedResult,
     watcher: TestWatcher,
@@ -429,17 +429,16 @@ export default class TestScheduler {
       aggregatedResults.numFailedTests >= this._globalConfig.bail
     ) {
       if (watcher.isWatchMode()) {
-        watcher.setState({interrupted: true});
-      } else {
-        const failureExit = () => exit(1);
-
-        return this._dispatcher
-          .onRunComplete(contexts, aggregatedResults)
-          .then(failureExit)
-          .catch(failureExit);
+        await watcher.setState({interrupted: true});
+        return;
+      }
+
+      try {
+        await this._dispatcher.onRunComplete(contexts, aggregatedResults);
+      } finally {
+        exit(1);
       }
     }
-    return Promise.resolve();
   }
 }
 
diff --git a/packages/jest-core/src/TestWatcher.ts b/packages/jest-core/src/TestWatcher.ts
index 750dcbe45efc..3dbacb3fb5e4 100644
--- a/packages/jest-core/src/TestWatcher.ts
+++ b/packages/jest-core/src/TestWatcher.ts
@@ -5,13 +5,13 @@
  * LICENSE file in the root directory of this source tree.
  */
 
-import {EventEmitter} from 'events';
+import emittery = require('emittery');
 
 type State = {
   interrupted: boolean;
 };
 
-export default class TestWatcher extends EventEmitter {
+export default class TestWatcher extends emittery.Typed<{change: State}> {
   state: State;
   private _isWatchMode: boolean;
 
@@ -21,9 +21,9 @@ export default class TestWatcher extends EventEmitter {
     this._isWatchMode = isWatchMode;
   }
 
-  setState(state: State): void {
+  async setState(state: State): Promise<void> {
     Object.assign(this.state, state);
-    this.emit('change', this.state);
+    await this.emit('change', this.state);
   }
 
   isInterrupted(): boolean {
diff --git a/packages/jest-runner/src/index.ts b/packages/jest-runner/src/index.ts
index da911414832a..e32636fd9a36 100644
--- a/packages/jest-runner/src/index.ts
+++ b/packages/jest-runner/src/index.ts
@@ -25,7 +25,6 @@ import type {
   TestRunnerContext,
   TestRunnerOptions,
   TestWatcher,
-  WatcherState,
 } from './types';
 
 const TEST_WORKER_PATH = require.resolve('./testWorker');
@@ -239,7 +238,7 @@ export default class TestRunner {
     };
 
     const onInterrupt = new Promise((_, reject) => {
-      watcher.on('change', (state: WatcherState) => {
+      watcher.on('change', state => {
         if (state.interrupted) {
           reject(new CancelRun());
         }
diff --git a/packages/jest-runner/src/types.ts b/packages/jest-runner/src/types.ts
index 3d425c045f24..e87d1b126816 100644
--- a/packages/jest-runner/src/types.ts
+++ b/packages/jest-runner/src/types.ts
@@ -5,7 +5,7 @@
  * LICENSE file in the root directory of this source tree.
  */
 
-import type {EventEmitter} from 'events';
+import type {Typed as EmitteryTyped} from 'emittery';
 import type {JestEnvironment} from '@jest/environment';
 import type {
   AssertionResult,
@@ -79,10 +79,8 @@ export type TestRunnerSerializedContext = {
 };
 
 // TODO: Should live in `@jest/core` or `jest-watcher`
-export type WatcherState = {
-  interrupted: boolean;
-};
-export interface TestWatcher extends EventEmitter {
+type WatcherState = {interrupted: boolean};
+export interface TestWatcher extends EmitteryTyped<{change: WatcherState}> {
   state: WatcherState;
   setState(state: WatcherState): void;
   isInterrupted(): boolean;
diff --git a/yarn.lock b/yarn.lock
index 363699de02e6..f819c6bc8bdd 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1784,6 +1784,7 @@ __metadata:
     "@types/rimraf": ^3.0.0
     ansi-escapes: ^4.2.1
     chalk: ^4.0.0
+    emittery: ^0.7.2
     exit: ^0.1.2
     graceful-fs: ^4.2.4
     jest-changed-files: ^26.6.2
@@ -7623,7 +7624,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"emittery@npm:^0.7.1":
+"emittery@npm:^0.7.1, emittery@npm:^0.7.2":
   version: 0.7.2
   resolution: "emittery@npm:0.7.2"
   checksum: 34acfef51922a1b73d75cb658bf43ecb279633b263ffa831fb87697abbbd3aa4241ef15d204eeaa6a3c62656bd7563de7145c416a2bb18c4805e54ce6d7cdac6