diff --git a/Libraries/Components/ScrollView/__tests__/ScrollView-test.js b/Libraries/Components/ScrollView/__tests__/ScrollView-test.js
index f2a7abe2c9f..6800bb2a681 100644
--- a/Libraries/Components/ScrollView/__tests__/ScrollView-test.js
+++ b/Libraries/Components/ScrollView/__tests__/ScrollView-test.js
@@ -11,12 +11,12 @@
 
 'use strict';
 
-import * as React from 'react';
-import ScrollView from '../ScrollView';
-import * as ReactNativeTestTools from '../../../Utilities/ReactNativeTestTools';
-import ReactTestRenderer from 'react-test-renderer';
-import View from '../../View/View';
-import Text from '../../../Text/Text';
+const React = require('react');
+const ScrollView = require('../ScrollView');
+const ReactNativeTestTools = require('../../../Utilities/ReactNativeTestTools');
+const ReactTestRenderer = require('react-test-renderer');
+const View = require('../../View/View');
+const Text = require('../../../Text/Text');
 
 describe('<ScrollView />', () => {
   it('should render as expected', () => {
diff --git a/Libraries/Pressability/__tests__/Pressability-test.js b/Libraries/Pressability/__tests__/Pressability-test.js
index 6960546e376..50172911ffc 100644
--- a/Libraries/Pressability/__tests__/Pressability-test.js
+++ b/Libraries/Pressability/__tests__/Pressability-test.js
@@ -10,12 +10,13 @@
  */
 
 import type {PressEvent} from '../../Types/CoreEventTypes';
-import * as HoverState from '../HoverState';
-import Pressability from '../Pressability';
-import invariant from 'invariant';
-import nullthrows from 'nullthrows';
-import Platform from '../../Utilities/Platform';
-import UIManager from '../../ReactNative/UIManager';
+
+const HoverState = require('../HoverState');
+const Pressability = require('../Pressability').default;
+const invariant = require('invariant');
+const nullthrows = require('nullthrows');
+const Platform = require('../../Utilities/Platform');
+const UIManager = require('../../ReactNative/UIManager');
 
 // TODO: Move this util to a shared location.
 function getMock<TArguments: $ReadOnlyArray<mixed>, TReturn>(
diff --git a/jest/preprocessor.js b/jest/preprocessor.js
index e209750d697..e9d12710ddf 100644
--- a/jest/preprocessor.js
+++ b/jest/preprocessor.js
@@ -13,42 +13,10 @@
 'use strict';
 
 const babelRegisterOnly = require('metro-babel-register');
-const nullthrows = require('nullthrows');
 const createCacheKeyFunction = require('@jest/create-cache-key-function')
   .default;
-const t = require('@babel/types');
-const {statements} = require('@babel/template').default;
 
-const importDefault = '__importDefault__';
-const importAll = '__importAll__';
-
-// prelude
-const importPrelude = statements(`
-  function ${importDefault}(moduleId) {
-    const exports = require(moduleId);
-
-    if (exports && exports.__esModule) {
-      return exports.default;
-    }
-
-    return exports;
-  };
-
-  function ${importAll}(moduleId) {
-    const exports = require(moduleId);
-
-    if (exports && exports.__esModule) {
-      return exports;
-    }
-
-    return Object.assign({}, exports, {default: exports});
-  };
-`);
-
-const {
-  transformSync: babelTransformSync,
-  transformFromAstSync: babelTransformFromAstSync,
-} = require('@babel/core');
+const {transformSync: babelTransformSync} = require('@babel/core');
 const generate = require('@babel/generator').default;
 
 const nodeFiles = new RegExp(
@@ -73,13 +41,13 @@ module.exports = {
       }).code;
     }
 
-    let {ast} = transformer.transform({
+    const {ast} = transformer.transform({
       filename: file,
       options: {
         ast: true, // needed for open source (?) https://github.com/facebook/react-native/commit/f8d6b97140cffe8d18b2558f94570c8d1b410d5c#r28647044
         dev: true,
         enableBabelRuntime: false,
-        experimentalImportSupport: true,
+        experimentalImportSupport: false,
         globalPrefix: '',
         hot: false,
         inlineRequires: true,
@@ -111,6 +79,10 @@ module.exports = {
         [require('@babel/plugin-transform-regenerator')],
         [require('@babel/plugin-transform-sticky-regex')],
         [require('@babel/plugin-transform-unicode-regex')],
+        [
+          require('@babel/plugin-transform-modules-commonjs'),
+          {strict: false, allowTopLevelThis: true},
+        ],
         [require('@babel/plugin-transform-classes')],
         [require('@babel/plugin-transform-arrow-functions')],
         [require('@babel/plugin-transform-spread')],
@@ -127,46 +99,6 @@ module.exports = {
       ],
     });
 
-    // We're not using @babel/plugin-transform-modules-commonjs so
-    // we need to add 'use strict' manually
-    const directives = ast.program.directives;
-
-    if (
-      ast.program.sourceType === 'module' &&
-      (directives == null ||
-        directives.findIndex(d => d.value.value === 'use strict') === -1)
-    ) {
-      ast.program.directives = [
-        ...(directives || []),
-        t.directive(t.directiveLiteral('use strict')),
-      ];
-    }
-
-    // Postprocess the transformed module to handle ESM and inline requires.
-    // We need to do this in a separate pass to avoid issues tracking references.
-    const babelTransformResult = babelTransformFromAstSync(ast, src, {
-      ast: true,
-      retainLines: true,
-      plugins: [
-        [
-          require('metro-transform-plugins').importExportPlugin,
-          {importDefault, importAll},
-        ],
-        [
-          require('babel-preset-fbjs/plugins/inline-requires.js'),
-          {inlineableCalls: [importDefault, importAll]},
-        ],
-      ],
-      sourceType: 'module',
-    });
-
-    ast = nullthrows(babelTransformResult.ast);
-
-    // Inject import helpers *after* running the inline-requires transform,
-    // because otherwise it will assume they are user code and bail out of
-    // inlining calls to them.
-    ast.program.body.unshift(...importPrelude());
-
     return generate(
       ast,
       // $FlowFixMe[prop-missing] Error found when improving flow typing for libs
diff --git a/repo-config/package.json b/repo-config/package.json
index ca4ac3eae93..bfa34c69566 100644
--- a/repo-config/package.json
+++ b/repo-config/package.json
@@ -11,13 +11,10 @@
   "dependencies": {
     "@babel/core": "^7.14.0",
     "@babel/generator": "^7.14.0",
-    "@babel/template": "^7.0.0",
-    "@babel/types": "^7.0.0",
     "@react-native-community/eslint-plugin": "*",
     "@reactions/component": "^2.0.2",
     "async": "^2.4.0",
     "babel-eslint": "^10.1.0",
-    "babel-preset-fbjs": "^3.4.0",
     "clang-format": "^1.2.4",
     "connect": "^3.6.5",
     "coveralls": "^3.0.2",
@@ -41,7 +38,6 @@
     "jest-junit": "^10.0.0",
     "jscodeshift": "^0.11.0",
     "metro-babel-register": "0.66.2",
-    "metro-transform-plugins": "^0.66.2",
     "mkdirp": "^0.5.1",
     "prettier": "1.19.1",
     "react": "17.0.2",
diff --git a/yarn.lock b/yarn.lock
index 4e75e6024dd..229fc43d6b2 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4730,7 +4730,7 @@ metro-symbolicate@0.66.2:
     through2 "^2.0.1"
     vlq "^1.0.0"
 
-metro-transform-plugins@0.66.2, metro-transform-plugins@^0.66.2:
+metro-transform-plugins@0.66.2:
   version "0.66.2"
   resolved "https://registry.yarnpkg.com/metro-transform-plugins/-/metro-transform-plugins-0.66.2.tgz#39dd044a23b1343e4f2d2ec34d08128cdf255ed4"
   integrity sha512-KTvqplh0ut7oDKovvDG6yzXM02R6X+9b2oVG+qYq8Zd3aCGTi51ASx4ThCNkAHyEvCuJdYg9fxXTL+j+wvhB5w==