diff --git a/Cargo.lock b/Cargo.lock
index dc4ce2e2f50f9..4df7377b1c560 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1141,7 +1141,7 @@ dependencies = [
  "tracing-appender",
  "tracing-bunyan-formatter",
  "tracing-opentelemetry",
- "tracing-subscriber",
+ "tracing-subscriber 0.3.5",
 ]
 
 [[package]]
@@ -2993,15 +2993,6 @@ version = "0.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ffbee8634e0d45d258acb448e7eaab3fce7a0a467395d4d9f228e3c1f01fb2e4"
 
-[[package]]
-name = "matchers"
-version = "0.0.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f099785f7595cc4b4553a174ce30dd7589ef93391ff414dbb67f62392b9e0ce1"
-dependencies = [
- "regex-automata",
-]
-
 [[package]]
 name = "matches"
 version = "0.1.9"
@@ -4463,9 +4454,6 @@ name = "regex-automata"
 version = "0.1.10"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6c230d73fb8d8c1b9c0b3135c5142a8acee3a0558fb8db5cf1cb65f8d7862132"
-dependencies = [
- "regex-syntax",
-]
 
 [[package]]
 name = "regex-syntax"
@@ -5808,7 +5796,7 @@ checksum = "9965507e507f12c8901432a33e31131222abac31edd90cabbcf85cf544b7127a"
 dependencies = [
  "chrono",
  "crossbeam-channel 0.5.1",
- "tracing-subscriber",
+ "tracing-subscriber 0.2.25",
 ]
 
 [[package]]
@@ -5836,7 +5824,7 @@ dependencies = [
  "tracing",
  "tracing-core",
  "tracing-log",
- "tracing-subscriber",
+ "tracing-subscriber 0.2.25",
 ]
 
 [[package]]
@@ -5879,39 +5867,32 @@ dependencies = [
  "tracing",
  "tracing-core",
  "tracing-log",
- "tracing-subscriber",
+ "tracing-subscriber 0.2.25",
 ]
 
 [[package]]
-name = "tracing-serde"
-version = "0.1.2"
+name = "tracing-subscriber"
+version = "0.2.25"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fb65ea441fbb84f9f6748fd496cf7f63ec9af5bca94dd86456978d055e8eb28b"
+checksum = "0e0d2eaa99c3c2e41547cfa109e910a68ea03823cccad4a0525dcbc9b01e8c71"
 dependencies = [
- "serde",
+ "sharded-slab",
+ "thread_local",
  "tracing-core",
 ]
 
 [[package]]
 name = "tracing-subscriber"
-version = "0.2.24"
+version = "0.3.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fdd0568dbfe3baf7048b7908d2b32bca0d81cd56bec6d2a8f894b01d74f86be3"
+checksum = "5d81bfa81424cc98cb034b837c985b7a290f592e5b4322f353f94a0ab0f9f594"
 dependencies = [
  "ansi_term 0.12.1",
- "chrono",
- "lazy_static",
- "matchers",
- "regex",
- "serde",
- "serde_json",
  "sharded-slab",
  "smallvec",
  "thread_local",
- "tracing",
  "tracing-core",
  "tracing-log",
- "tracing-serde",
 ]
 
 [[package]]
diff --git a/common/tracing/Cargo.toml b/common/tracing/Cargo.toml
index 33a0f2492f211..3569cdd9b7d26 100644
--- a/common/tracing/Cargo.toml
+++ b/common/tracing/Cargo.toml
@@ -15,4 +15,4 @@ tracing = "0.1.28"
 tracing-appender = "0.1.2"
 tracing-bunyan-formatter = "0.2"
 tracing-opentelemetry = "0.15.0"
-tracing-subscriber = "0.2.24"
+tracing-subscriber = "0.3.5"