diff --git a/packages/cli/package.json b/packages/cli/package.json
index 0719b1511a..ddd0ff77a0 100644
--- a/packages/cli/package.json
+++ b/packages/cli/package.json
@@ -49,12 +49,13 @@
     "@spotify/eslint-config-typescript": "^14.0.0",
     "@sucrase/jest-plugin": "^2.1.1",
     "@sucrase/webpack-loader": "^2.0.0",
-    "@swc/core": "1.2.205",
-    "@swc/jest": "^0.2.22",
     "@svgr/plugin-jsx": "6.3.x",
     "@svgr/plugin-svgo": "6.3.x",
     "@svgr/rollup": "6.3.x",
     "@svgr/webpack": "6.3.x",
+    "@swc/core": "1.2.205",
+    "@swc/helpers": "^0.4.7",
+    "@swc/jest": "^0.2.22",
     "@types/webpack-env": "^1.15.2",
     "@typescript-eslint/eslint-plugin": "^5.9.0",
     "@typescript-eslint/parser": "^5.9.0",
@@ -70,7 +71,6 @@
     "esbuild": "^0.14.10",
     "esbuild-loader": "^2.18.0",
     "eslint": "^8.6.0",
-    "sucrase": "^3.20.2",
     "eslint-config-prettier": "^8.3.0",
     "eslint-formatter-friendly": "^7.0.0",
     "eslint-plugin-deprecation": "^1.3.2",
@@ -104,7 +104,6 @@
     "postcss": "^8.1.0",
     "process": "^0.11.10",
     "react-dev-utils": "^12.0.0-next.60",
-    "react-hot-loader": "^4.13.0",
     "react-refresh": "^0.14.0",
     "recursive-readdir": "^2.2.2",
     "replace-in-file": "^6.0.0",
@@ -116,6 +115,7 @@
     "run-script-webpack-plugin": "^0.1.0",
     "semver": "^7.3.2",
     "style-loader": "^3.3.1",
+    "sucrase": "^3.20.2",
     "swc-loader": "^0.2.3",
     "tar": "^6.1.2",
     "terser-webpack-plugin": "^5.1.3",
diff --git a/packages/cli/src/lib/bundler/config.ts b/packages/cli/src/lib/bundler/config.ts
index f98d72b02b..2aac38732d 100644
--- a/packages/cli/src/lib/bundler/config.ts
+++ b/packages/cli/src/lib/bundler/config.ts
@@ -157,7 +157,7 @@ export async function createConfig(
     },
     devtool: isDev ? 'eval-cheap-module-source-map' : 'source-map',
     context: paths.targetPath,
-    entry: [require.resolve('react-hot-loader/patch'), paths.targetEntry],
+    entry: [paths.targetEntry],
     resolve: {
       extensions: ['.ts', '.tsx', '.mjs', '.js', '.jsx', '.json', '.wasm'],
       mainFields: ['browser', 'module', 'main'],
diff --git a/packages/cli/src/lib/bundler/transforms.ts b/packages/cli/src/lib/bundler/transforms.ts
index 9c3efd77a5..d1cf0e67b8 100644
--- a/packages/cli/src/lib/bundler/transforms.ts
+++ b/packages/cli/src/lib/bundler/transforms.ts
@@ -30,7 +30,7 @@ type TransformOptions = {
 };
 
 export const transforms = (options: TransformOptions): Transforms => {
-  const { isDev } = options;
+  const { isDev, isBackend } = options;
 
   // This ensures that styles inserted from the style-loader and any
   // async style chunks are always given lower priority than JSS styles.
@@ -58,6 +58,8 @@ export const transforms = (options: TransformOptions): Transforms => {
           loader: 'swc-loader',
           options: {
             jsc: {
+              target: 'es2019',
+              externalHelpers: !isBackend,
               parser: {
                 syntax: 'typescript',
                 tsx: true,
@@ -82,6 +84,8 @@ export const transforms = (options: TransformOptions): Transforms => {
           loader: 'swc-loader',
           options: {
             jsc: {
+              target: 'es2019',
+              externalHelpers: !isBackend,
               parser: {
                 syntax: 'ecmascript',
                 jsx: true,
diff --git a/yarn.lock b/yarn.lock
index 9d580b537d..362d5f6e74 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -6324,6 +6324,13 @@
     "@swc/core-win32-ia32-msvc" "1.2.205"
     "@swc/core-win32-x64-msvc" "1.2.205"
 
+"@swc/helpers@^0.4.7":
+  version "0.4.7"
+  resolved "https://registry.npmjs.org/@swc/helpers/-/helpers-0.4.7.tgz#25a32e462e799a5a102eb9c241f73bbc4cb806a7"
+  integrity sha512-jJKr/2JOivCQxb5Xpli3asedRLH34QgJ3G+7gm6CoCOwt/LDDX9g67OuxvjFOiYZfngWYB66ZbjU6cUNtQdavg==
+  dependencies:
+    tslib "^2.4.0"
+
 "@swc/jest@^0.2.22":
   version "0.2.22"
   resolved "https://registry.npmjs.org/@swc/jest/-/jest-0.2.22.tgz#70d02ac648c21a442016d7a0aa485577335a4c9a"
@@ -14455,7 +14462,7 @@ global-prefix@^3.0.0:
     kind-of "^6.0.2"
     which "^1.3.1"
 
-global@^4.3.0, global@~4.4.0:
+global@~4.4.0:
   version "4.4.0"
   resolved "https://registry.npmjs.org/global/-/global-4.4.0.tgz#3e7b105179006a323ed71aafca3e9c57a5cc6406"
   integrity sha512-wv/LAoHdRE3BeTGz53FAamhGlPLhlssK45usmGFThIi4XqnBmjKQ16u+RNbP7WvigRZDxUsM0J3gcQ5yicaL0w==
@@ -21581,7 +21588,7 @@ promzard@^0.3.0:
   dependencies:
     read "1"
 
-prop-types@^15.0.0, prop-types@^15.5.10, prop-types@^15.5.7, prop-types@^15.5.8, prop-types@^15.6.0, prop-types@^15.6.1, prop-types@^15.6.2, prop-types@^15.7.2, prop-types@^15.8.1:
+prop-types@^15.0.0, prop-types@^15.5.10, prop-types@^15.5.7, prop-types@^15.5.8, prop-types@^15.6.0, prop-types@^15.6.2, prop-types@^15.7.2, prop-types@^15.8.1:
   version "15.8.1"
   resolved "https://registry.npmjs.org/prop-types/-/prop-types-15.8.1.tgz#67d87bf1a694f48435cf332c24af10214a3140b5"
   integrity sha512-oj87CgZICdulUohogVAR7AjlC0327U4el4L6eAvOqCeudMDVU0NThNaV+b9Df4dXgSP1gXMTnPdhfe/2qDH5cg==
@@ -22076,20 +22083,6 @@ react-hook-form@^7.12.2, react-hook-form@^7.13.0:
   resolved "https://registry.npmjs.org/react-hook-form/-/react-hook-form-7.32.2.tgz#58ec2ab0239ce97969baa2faa03ced13fae913ac"
   integrity sha512-F1A6n762xaRhvtQH5SkQQhMr19cCkHZYesTcKJJeNmrphiZp/cYFTIzC05FnQry0SspM54oPJ9tXFXlzya8VNQ==
 
-react-hot-loader@^4.13.0:
-  version "4.13.0"
-  resolved "https://registry.npmjs.org/react-hot-loader/-/react-hot-loader-4.13.0.tgz#c27e9408581c2a678f5316e69c061b226dc6a202"
-  integrity sha512-JrLlvUPqh6wIkrK2hZDfOyq/Uh/WeVEr8nc7hkn2/3Ul0sx1Kr5y4kOGNacNRoj7RhwLNcQ3Udf1KJXrqc0ZtA==
-  dependencies:
-    fast-levenshtein "^2.0.6"
-    global "^4.3.0"
-    hoist-non-react-statics "^3.3.0"
-    loader-utils "^1.1.0"
-    prop-types "^15.6.1"
-    react-lifecycles-compat "^3.0.4"
-    shallowequal "^1.1.0"
-    source-map "^0.7.3"
-
 react-icons@^4.4.0:
   version "4.4.0"
   resolved "https://registry.npmjs.org/react-icons/-/react-icons-4.4.0.tgz#a13a8a20c254854e1ec9aecef28a95cdf24ef703"