Webpack error after upgrade to 11.0

[shunyun-bp]

Current behavior

After installing Cypress version 11.0.0 all tests fail with the same error:
Error: Webpack Compilation Error ./cypress/e2e/home_page.cy.js Module build failed (from /Users/seanonion/Library/Caches/Cypress/11.0.0/Cypress.app/Contents/Resources/app/packages/server/node_modules/@cypress/webpack-preprocessor/dist/lib/cross-origin-callback-loader.js): Error: Cannot find module '/Users/seanonion/Library/Caches/Cypress/11.0.0/Cypress.app/Contents/Resources/app/packages/server/node_modules/@babel/parser/lib/index.js'. Please verify that the package.json has a valid "main" entry

Cypress 11 error.log

Desired behavior

Run tests that were successfully running in previous version (v10.11.0).

Test code to reproduce

cannot reproduce into a public repo

Cypress Version

11.0.0

Node version

v16.13.2

Operating System

macOS 12.6

Debug Logs

No response

Other

I had done nothing to setup webpack-preprocessor in 10.11.0 and earlier, so no idea why this is happening now.

[shunyun-bp]

cypress 11 debug.txt

[chris-mclennan]

I too am getting the same error message

[bennymeade]

Duplicate of #24611

[ryanthemanuel]

This is a duplicate of #24611 and will be fixed with #24630