Consider moving Labels inline with other metadata on Lists and Boards
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Summary
In #463598 (comment 2050808894), it was discussed how Labels being separated from the other metadata within the Child items widget made items take up additional room at times and could be avoided (previously on the legacy Child widget Labels were inline with other metadata). This change to the Child/Linked widget on work items aligns our treatment of Labels across views (we do the same thing on Lists/Boards today), though we can consider changing this treatment in all of these areas in the future. As we work towards more dedicated fields (and custom fields), our hope is that Label use will be more reserved compared to the current state. This can be a good reason to look towards treating Labels a bit differently and keeping them inline with other metadata.
We should also coordinate this effort with groupcode review to keep the MR list page consistent.