diff --git a/packages/node/src/executors/build/build.impl.spec.ts b/packages/node/src/executors/build/build.impl.spec.ts
index c995918aa7..3a074e87fb 100644
--- a/packages/node/src/executors/build/build.impl.spec.ts
+++ b/packages/node/src/executors/build/build.impl.spec.ts
@@ -6,11 +6,10 @@ import buildExecutor from './build.impl';
 import { BuildNodeBuilderOptions } from '../../utils/types';
 
 jest.mock('tsconfig-paths-webpack-plugin');
-jest.mock('@nrwl/workspace/src/utilities/run-webpack', () => ({
+jest.mock('../../utils/run-webpack', () => ({
   runWebpack: jest.fn(),
 }));
-import { runWebpack } from '@nrwl/workspace/src/utilities/run-webpack';
-import objectContaining = jasmine.objectContaining;
+import { runWebpack } from '../../utils/run-webpack';
 
 describe('Node Build Executor', () => {
   let context: ExecutorContext;
diff --git a/packages/node/src/executors/build/build.impl.ts b/packages/node/src/executors/build/build.impl.ts
index 4b63b38ae8..ca86b25eb2 100644
--- a/packages/node/src/executors/build/build.impl.ts
+++ b/packages/node/src/executors/build/build.impl.ts
@@ -1,4 +1,3 @@
-import * as webpack from 'webpack';
 import 'dotenv/config';
 import { ExecutorContext } from '@nrwl/devkit';
 
@@ -8,7 +7,6 @@ import {
   checkDependentProjectsHaveBeenBuilt,
   createTmpTsConfig,
 } from '@nrwl/workspace/src/utilities/buildable-libs-utils';
-import { runWebpack } from '@nrwl/workspace/src/utilities/run-webpack';
 
 import { map, tap } from 'rxjs/operators';
 import { eachValueFrom } from 'rxjs-for-await';
@@ -19,6 +17,7 @@ import { OUT_FILENAME } from '../../utils/config';
 import { BuildNodeBuilderOptions } from '../../utils/types';
 import { normalizeBuildOptions } from '../../utils/normalize';
 import { generatePackageJson } from '../../utils/generate-package-json';
+import { runWebpack } from '../../utils/run-webpack';
 
 export type NodeBuildEvent = {
   outfile: string;
diff --git a/packages/node/src/utils/run-webpack.ts b/packages/node/src/utils/run-webpack.ts
new file mode 100644
index 0000000000..f958a98555
--- /dev/null
+++ b/packages/node/src/utils/run-webpack.ts
@@ -0,0 +1,33 @@
+import * as webpack from 'webpack';
+import { Observable } from 'rxjs';
+
+export function runWebpack(config: webpack.Configuration): Observable<any> {
+  return new Observable((subscriber) => {
+    // Passing `watch` option here will result in a warning due to missing callback.
+    // We manually call `.watch` or `.run` later so this option isn't needed here.
+    const { watch, ...normalizedConfig } = config;
+    const webpackCompiler = webpack(normalizedConfig);
+
+    const callback = (err: Error, stats: webpack.Stats) => {
+      if (err) {
+        subscriber.error(err);
+      }
+      subscriber.next(stats);
+    };
+
+    if (config.watch) {
+      const watchOptions = config.watchOptions || {};
+      const watching = webpackCompiler.watch(watchOptions, callback);
+
+      return () => watching.close(() => subscriber.complete());
+    } else {
+      webpackCompiler.run((err, stats) => {
+        callback(err, stats);
+        webpackCompiler.close((closeErr) => {
+          if (closeErr) subscriber.error(closeErr);
+          subscriber.complete();
+        });
+      });
+    }
+  });
+}
diff --git a/packages/web/src/executors/build/build.impl.ts b/packages/web/src/executors/build/build.impl.ts
index 7b74ef5190..a1c53ff7d1 100644
--- a/packages/web/src/executors/build/build.impl.ts
+++ b/packages/web/src/executors/build/build.impl.ts
@@ -1,6 +1,5 @@
 import type { ExecutorContext } from '@nrwl/devkit';
 import type { Configuration, Stats } from 'webpack';
-import * as webpack from 'webpack';
 import { from, of } from 'rxjs';
 import { bufferCount, mergeScan, switchMap, tap } from 'rxjs/operators';
 import { eachValueFrom } from 'rxjs-for-await';
@@ -14,10 +13,6 @@ import {
   checkDependentProjectsHaveBeenBuilt,
   createTmpTsConfig,
 } from '@nrwl/workspace/src/utilities/buildable-libs-utils';
-import {
-  getEmittedFiles,
-  runWebpack,
-} from '@nrwl/workspace/src/utilities/run-webpack';
 import { readTsConfig } from '@nrwl/workspace/src/utilities/typescript';
 
 import { writeIndexHtml } from '../../utils/third-party/cli-files/utilities/index-file/write-index-html';
@@ -29,6 +24,7 @@ import { getWebConfig } from '../../utils/web.config';
 import type { BuildBuilderOptions } from '../../utils/types';
 import { deleteOutputDir } from '../../utils/delete-output-dir';
 import type { ExtraEntryPoint } from '../../utils/third-party/browser/schema';
+import { getEmittedFiles, runWebpack } from '../../utils/run-webpack';
 
 export interface WebBuildBuilderOptions extends BuildBuilderOptions {
   index: string;
diff --git a/packages/web/src/executors/dev-server/dev-server.impl.ts b/packages/web/src/executors/dev-server/dev-server.impl.ts
index 0d26a6b852..3c98941c3c 100644
--- a/packages/web/src/executors/dev-server/dev-server.impl.ts
+++ b/packages/web/src/executors/dev-server/dev-server.impl.ts
@@ -9,10 +9,6 @@ import {
 import { eachValueFrom } from 'rxjs-for-await';
 import { map, tap } from 'rxjs/operators';
 import * as WebpackDevServer from 'webpack-dev-server';
-import {
-  getEmittedFiles,
-  runWebpackDevServer,
-} from '@nrwl/workspace/src/utilities/run-webpack';
 
 import { normalizeWebBuildOptions } from '../../utils/normalize';
 import { WebBuildBuilderOptions } from '../build/build.impl';
@@ -22,6 +18,7 @@ import {
   createTmpTsConfig,
 } from '@nrwl/workspace/src/utilities/buildable-libs-utils';
 import { readCachedProjectGraph } from '@nrwl/workspace/src/core/project-graph';
+import { getEmittedFiles, runWebpackDevServer } from '../../utils/run-webpack';
 
 export interface WebDevServerOptions {
   host: string;
diff --git a/packages/workspace/src/utilities/run-webpack.ts b/packages/web/src/utils/run-webpack.ts
similarity index 98%
rename from packages/workspace/src/utilities/run-webpack.ts
rename to packages/web/src/utils/run-webpack.ts
index 29de0ed912..c9298c8ef7 100644
--- a/packages/workspace/src/utilities/run-webpack.ts
+++ b/packages/web/src/utils/run-webpack.ts
@@ -1,6 +1,6 @@
 import * as webpack from 'webpack';
 import type { Configuration as WebpackDevServerConfiguration } from 'webpack-dev-server';
-import { Observable } from 'rxjs/internal/Observable';
+import { Observable } from 'rxjs';
 import { extname } from 'path';
 
 export function runWebpack(config: webpack.Configuration): Observable<any> {
diff --git a/packages/web/src/utils/third-party/cli-files/utilities/index-file/write-index-html.ts b/packages/web/src/utils/third-party/cli-files/utilities/index-file/write-index-html.ts
index 4ad735355f..207077f7ab 100644
--- a/packages/web/src/utils/third-party/cli-files/utilities/index-file/write-index-html.ts
+++ b/packages/web/src/utils/third-party/cli-files/utilities/index-file/write-index-html.ts
@@ -7,7 +7,6 @@
  */
 
 import { dirname, join } from 'path';
-import { EmittedFile } from '@nrwl/workspace/src/utilities/run-webpack';
 import { ExtraEntryPoint } from '../../../browser/schema';
 import { generateEntryPoints } from '../package-chunk-sort';
 import { stripBom } from '../strip-bom';
@@ -18,6 +17,7 @@ import {
 } from './augment-index-html';
 import { readFileSync, writeFileSync } from 'fs';
 import { interpolateEnvironmentVariablesToIndex } from '../../../../interpolate-env-variables-to-index';
+import { EmittedFile } from '../../../../run-webpack';
 
 type ExtensionFilter = '.js' | '.css';