diff --git a/packages/kbn-babel-preset/node_preset.js b/packages/kbn-babel-preset/node_preset.js
index ee06e2588b022..45afe5d5ebc32 100644
--- a/packages/kbn-babel-preset/node_preset.js
+++ b/packages/kbn-babel-preset/node_preset.js
@@ -18,23 +18,6 @@
  */
 
 module.exports = (_, options = {}) => {
-  const overrides = [];
-  if (!process.env.ALLOW_PERFORMANCE_HOOKS_IN_TASK_MANAGER) {
-    overrides.push({
-      test: [/x-pack[\/\\]legacy[\/\\]plugins[\/\\]task_manager/],
-      plugins: [
-        [
-          require.resolve('babel-plugin-filter-imports'),
-          {
-            imports: {
-              perf_hooks: ['performance'],
-            },
-          },
-        ],
-      ],
-    });
-  }
-
   return {
     presets: [
       [
@@ -74,6 +57,5 @@ module.exports = (_, options = {}) => {
         },
       ],
     ],
-    overrides,
   };
 };
diff --git a/packages/kbn-babel-preset/package.json b/packages/kbn-babel-preset/package.json
index d73294b4cf873..d6d1a78dd4a23 100644
--- a/packages/kbn-babel-preset/package.json
+++ b/packages/kbn-babel-preset/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@kbn/babel-preset",
-  "private": true,
   "version": "1.0.0",
+  "private": true,
   "license": "Apache-2.0",
   "dependencies": {
     "@babel/plugin-proposal-class-properties": "^7.10.4",
@@ -13,10 +13,8 @@
     "@babel/preset-react": "^7.10.4",
     "@babel/preset-typescript": "^7.10.4",
     "babel-plugin-add-module-exports": "^1.0.2",
-    "babel-plugin-filter-imports": "^3.0.0",
     "babel-plugin-styled-components": "^1.10.7",
     "babel-plugin-transform-define": "^1.3.1",
-    "babel-plugin-transform-imports": "^2.0.0",
     "react-is": "^16.8.0",
     "styled-components": "^5.1.0"
   }
diff --git a/packages/kbn-babel-preset/webpack_preset.js b/packages/kbn-babel-preset/webpack_preset.js
index 97462a579e3c4..a43d607edb17c 100644
--- a/packages/kbn-babel-preset/webpack_preset.js
+++ b/packages/kbn-babel-preset/webpack_preset.js
@@ -40,24 +40,5 @@ module.exports = () => {
         },
       ],
     ],
-    // NOTE: we can enable this by default for everything as soon as we only have one instance
-    // of lodash across the entire project. For now we are just enabling it for siem
-    // as they are extensively using the lodash v4
-    overrides: [
-      {
-        test: [/x-pack[\/\\]legacy[\/\\]plugins[\/\\]siem[\/\\]public/],
-        plugins: [
-          [
-            require.resolve('babel-plugin-transform-imports'),
-            {
-              'lodash/?(((\\w*)?/?)*)': {
-                transform: 'lodash/${1}/${member}',
-                preventFullImport: false,
-              },
-            },
-          ],
-        ],
-      },
-    ],
   };
 };
diff --git a/yarn.lock b/yarn.lock
index b765050ea5bca..7c1c580af496a 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1077,7 +1077,7 @@
     globals "^11.1.0"
     lodash "^4.17.19"
 
-"@babel/types@^7.0.0", "@babel/types@^7.10.4", "@babel/types@^7.10.5", "@babel/types@^7.11.0", "@babel/types@^7.2.0", "@babel/types@^7.3.0", "@babel/types@^7.3.3", "@babel/types@^7.4", "@babel/types@^7.4.0", "@babel/types@^7.4.4":
+"@babel/types@^7.0.0", "@babel/types@^7.10.4", "@babel/types@^7.10.5", "@babel/types@^7.11.0", "@babel/types@^7.2.0", "@babel/types@^7.3.0", "@babel/types@^7.3.3", "@babel/types@^7.4.0", "@babel/types@^7.4.4":
   version "7.11.0"
   resolved "https://registry.yarnpkg.com/@babel/types/-/types-7.11.0.tgz#2ae6bf1ba9ae8c3c43824e5861269871b206e90d"
   integrity sha512-O53yME4ZZI0jO1EVGtF1ePGl0LHirG4P1ibcD80XyzZcKhcMFeCXmh4Xb1ifGBIV233Qg12x4rBfQgA+tmOukA==
@@ -6837,14 +6837,6 @@ babel-plugin-emotion@^10.0.22:
     find-root "^1.1.0"
     source-map "^0.5.7"
 
-babel-plugin-filter-imports@^3.0.0:
-  version "3.0.0"
-  resolved "https://registry.yarnpkg.com/babel-plugin-filter-imports/-/babel-plugin-filter-imports-3.0.0.tgz#a849683837ad29960da17492fb32789ab6b09a11"
-  integrity sha512-p/chjzVTgCxUqyLM0q/pfWVZS7IJTwGQMwNg0LOvuQpKiTftQgZDtkGB8XvETnUw19rRcL7bJCTopSwibTN2tA==
-  dependencies:
-    "@babel/types" "^7.4.0"
-    lodash "^4.17.11"
-
 babel-plugin-istanbul@^5.1.0:
   version "5.1.1"
   resolved "https://registry.yarnpkg.com/babel-plugin-istanbul/-/babel-plugin-istanbul-5.1.1.tgz#7981590f1956d75d67630ba46f0c22493588c893"
@@ -7007,14 +6999,6 @@ babel-plugin-transform-define@^1.3.1:
     lodash "^4.17.11"
     traverse "0.6.6"
 
-babel-plugin-transform-imports@^2.0.0:
-  version "2.0.0"
-  resolved "https://registry.yarnpkg.com/babel-plugin-transform-imports/-/babel-plugin-transform-imports-2.0.0.tgz#9e5f49f751a9d34ba8f4bb988c7e48ed2419c6b6"
-  integrity sha512-65ewumYJ85QiXdcB/jmiU0y0jg6eL6CdnDqQAqQ8JMOKh1E52VPG3NJzbVKWcgovUR5GBH8IWpCXQ7I8Q3wjgw==
-  dependencies:
-    "@babel/types" "^7.4"
-    is-valid-path "^0.1.1"
-
 babel-plugin-transform-inline-consecutive-adds@^0.4.3:
   version "0.4.3"
   resolved "https://registry.yarnpkg.com/babel-plugin-transform-inline-consecutive-adds/-/babel-plugin-transform-inline-consecutive-adds-0.4.3.tgz#323d47a3ea63a83a7ac3c811ae8e6941faf2b0d1"
@@ -16944,7 +16928,7 @@ is-valid-glob@^1.0.0:
   resolved "https://registry.yarnpkg.com/is-valid-glob/-/is-valid-glob-1.0.0.tgz#29bf3eff701be2d4d315dbacc39bc39fe8f601aa"
   integrity sha1-Kb8+/3Ab4tTTFdusw5vDn+j2Aao=
 
-is-valid-path@0.1.1, is-valid-path@^0.1.1:
+is-valid-path@0.1.1:
   version "0.1.1"
   resolved "https://registry.yarnpkg.com/is-valid-path/-/is-valid-path-0.1.1.tgz#110f9ff74c37f663e1ec7915eb451f2db93ac9df"
   integrity sha1-EQ+f90w39mPh7HkV60UfLbk6yd8=