diff --git a/dvc/data/transfer.py b/dvc/data/transfer.py
index 69a9c0c75..1b56a307f 100644
--- a/dvc/data/transfer.py
+++ b/dvc/data/transfer.py
@@ -5,8 +5,8 @@ from typing import TYPE_CHECKING, Any, Callable, Iterable, Optional
 
 from funcy import split
 
+from dvc.objects.executors import ThreadPoolExecutor
 from dvc.progress import Tqdm
-from dvc.utils.threadpool import ThreadPoolExecutor
 
 if TYPE_CHECKING:
     from dvc.objects.db import ObjectDB
diff --git a/dvc/objects/executors.py b/dvc/objects/executors.py
new file mode 100644
index 000000000..dde15ba6e
--- /dev/null
+++ b/dvc/objects/executors.py
@@ -0,0 +1,74 @@
+import queue
+import sys
+from concurrent import futures
+from itertools import islice
+from typing import Any, Callable, Iterable, Iterator, Set, TypeVar
+
+_T = TypeVar("_T")
+
+
+class ThreadPoolExecutor(futures.ThreadPoolExecutor):
+    _max_workers: int
+
+    def __init__(
+        self, max_workers: int = None, cancel_on_error: bool = False, **kwargs
+    ):
+        super().__init__(max_workers=max_workers, **kwargs)
+        self._cancel_on_error = cancel_on_error
+
+    @property
+    def max_workers(self) -> int:
+        return self._max_workers
+
+    def imap_unordered(
+        self, fn: Callable[..., _T], *iterables: Iterable[Any]
+    ) -> Iterator[_T]:
+        """Lazier version of map that does not preserve ordering of results.
+
+        It does not create all the futures at once to reduce memory usage.
+        """
+
+        def create_taskset(n: int) -> Set[futures.Future]:
+            return {self.submit(fn, *args) for args in islice(it, n)}
+
+        it = zip(*iterables)
+        tasks = create_taskset(self.max_workers * 5)
+        while tasks:
+            done, tasks = futures.wait(
+                tasks, return_when=futures.FIRST_COMPLETED
+            )
+            for fut in done:
+                yield fut.result()
+            tasks.update(create_taskset(len(done)))
+
+    def shutdown(self, wait=True, *, cancel_futures=False):
+        if sys.version_info > (3, 9):
+            # pylint: disable=unexpected-keyword-arg
+            return super().shutdown(wait=wait, cancel_futures=cancel_futures)
+
+        with self._shutdown_lock:
+            self._shutdown = True
+            if cancel_futures:
+                # Drain all work items from the queue, and then cancel their
+                # associated futures.
+                while True:
+                    try:
+                        work_item = self._work_queue.get_nowait()
+                    except queue.Empty:
+                        break
+                    if work_item is not None:
+                        work_item.future.cancel()
+
+            # Send a wake-up to prevent threads calling
+            # _work_queue.get(block=True) from permanently blocking.
+            self._work_queue.put(None)
+        if wait:
+            for t in self._threads:
+                t.join()
+
+    def __exit__(self, exc_type, exc_val, exc_tb):
+        if self._cancel_on_error:
+            self.shutdown(wait=True, cancel_futures=exc_val is not None)
+        else:
+            self.shutdown(wait=True)
+        return False
diff --git a/dvc/objects/fs/base.py b/dvc/objects/fs/base.py
index 47b528c42..22efd61fa 100644
--- a/dvc/objects/fs/base.py
+++ b/dvc/objects/fs/base.py
@@ -20,8 +20,8 @@ from typing import (
 from funcy import cached_property
 
 from dvc.exceptions import DvcException
-from dvc.utils.threadpool import ThreadPoolExecutor
 
+from ..executors import ThreadPoolExecutor
 from ._callback import DEFAULT_CALLBACK, FsspecCallback
 
 if TYPE_CHECKING: