WTH can't I see more than 11 characters of the entity name since the UI change few months ago?

After update from 2022.2.x to latest version 2022.3.7, the theme changed to MWC as stated in the release notes.
Those new input boxes now take obscene amount of screen space and therefore the usability took significant hit in my opinion. The screen estate usable for item description on mobile decreased from 29 chars (maybe more, haven’t tried what is the max.) to 11 characters while at the same time, more than half of the screen is occupied by empty date input field holding 10 chars.
I even bothered to create bug report for it:

It is ignored for half a year.
See the screenshots there to illustrate the issue better.