Auto Layout: Custom Shape Buttons/Banners

Hello, Figma community,

I am relatively new to Figma, switching over from Sketch.

I love the frame and auto-layout concept, but I find it a bit strict. Hopefully, I am just overlooking something and the following is doable.

I am seeking help if anyone knows how I can make the below design responsive so that it grows/shrinks with the text within.

Thank you in advance!

Or see examples here: