diff --git a/Cargo.lock b/Cargo.lock
index 6144166ac7..bceadd1fb3 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2455,15 +2455,16 @@ dependencies = [
 
 [[package]]
 name = "generator"
-version = "0.7.5"
+version = "0.8.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5cc16584ff22b460a382b7feec54b23d2908d858152e5739a120b949293bd74e"
+checksum = "186014d53bc231d0090ef8d6f03e0920c54d85a5ed22f4f2f74315ec56cf83fb"
 dependencies = [
  "cc",
+ "cfg-if 1.0.0",
  "libc",
  "log",
  "rustversion",
- "windows 0.48.0",
+ "windows 0.54.0",
 ]
 
 [[package]]
@@ -3602,9 +3603,9 @@ checksum = "90ed8c1e510134f979dbc4f070f87d4313098b704861a105fe34231c70a3901c"
 
 [[package]]
 name = "loom"
-version = "0.5.6"
+version = "0.7.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ff50ecb28bb86013e935fb6683ab1f6d3a20016f123c76fd4c27470076ac30f5"
+checksum = "419e0dc8046cb947daa77eb95ae174acfbddb7673b4151f56d1eed8e93fbfaca"
 dependencies = [
  "cfg-if 1.0.0",
  "generator",
@@ -4815,9 +4816,9 @@ dependencies = [
 
 [[package]]
 name = "profiling"
-version = "1.0.8"
+version = "1.0.15"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "332cd62e95873ea4f41f3dfd6bbbfc5b52aec892d7e8d534197c4720a0bbbab2"
+checksum = "43d84d1d7a6ac92673717f9f6d1518374ef257669c24ebc5ac25d5033828be58"
 dependencies = [
  "profiling-procmacros",
  "tracy-client",
@@ -6707,9 +6708,9 @@ dependencies = [
 
 [[package]]
 name = "tracing-tracy"
-version = "0.10.2"
+version = "0.11.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "55c48ef3e655220d4e43a6be44aa84f078c3004357251cab45f9cc15551a593e"
+checksum = "6024d04f84a69fd0d1dc1eee3a2b070bd246530a0582f9982ae487cb6c703614"
 dependencies = [
  "tracing-core",
  "tracing-subscriber",
@@ -6718,9 +6719,9 @@ dependencies = [
 
 [[package]]
 name = "tracy-client"
-version = "0.15.2"
+version = "0.17.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "434ecabbda9f67eeea1eab44d52f4a20538afa3e2c2770f2efc161142b25b608"
+checksum = "59fb931a64ff88984f86d3e9bcd1ae8843aa7fe44dd0f8097527bc172351741d"
 dependencies = [
  "loom",
  "once_cell",
@@ -8443,15 +8444,6 @@ dependencies = [
  "thiserror",
 ]
 
-[[package]]
-name = "windows"
-version = "0.48.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e686886bc078bc1b0b600cac0147aadb815089b6e4da64016cbd754b6342700f"
-dependencies = [
- "windows-targets 0.48.5",
-]
-
 [[package]]
 name = "windows"
 version = "0.51.1"
diff --git a/common/base/Cargo.toml b/common/base/Cargo.toml
index fd939feb94..b8a322e01e 100644
--- a/common/base/Cargo.toml
+++ b/common/base/Cargo.toml
@@ -16,4 +16,4 @@ directories-next = "2.0"
 # NOTE: This must be kept in sync with the `tracy-client` version used by the
 # `tracing-tracy` version in `common/frontend`.
 # Using `=` here keeps `cargo update` from breaking this.
-profiling = { version = "=1.0.8", default-features = false, optional = true }
+profiling = { version = "=1.0.15", default-features = false, optional = true }
diff --git a/common/frontend/Cargo.toml b/common/frontend/Cargo.toml
index 10e836271a..3dd38224b5 100644
--- a/common/frontend/Cargo.toml
+++ b/common/frontend/Cargo.toml
@@ -20,4 +20,4 @@ tracing-subscriber = { version = "0.3.7", default-features = false, features = [
 # Tracy
 # NOTE: This must be kept in sync with the `profiling` version in `common/base`.
 # NOTE: `=` since the minor version of tracing-tracy bumped a major version of `tracy-client`
-tracing-tracy = { version = "=0.10.2", optional = true }
+tracing-tracy = { version = "=0.11.0", optional = true }
diff --git a/common/frontend/src/lib.rs b/common/frontend/src/lib.rs
index f2471fcb51..a297bc4ecb 100644
--- a/common/frontend/src/lib.rs
+++ b/common/frontend/src/lib.rs
@@ -109,7 +109,9 @@ where
 
     // Create the terminal writer layer.
     #[cfg(feature = "tracy")]
-    let registry = registry.with(tracing_tracy::TracyLayer::new().with_stackdepth(0));
+    let registry = registry.with(tracing_tracy::TracyLayer::new(
+        tracing_tracy::DefaultConfig::default(),
+    ));
     #[cfg(not(feature = "tracy"))]
     let registry = {
         let (non_blocking, stdio_guard) = tracing_appender::non_blocking(terminal.make_writer());