My wife and I have done just this. Both reduced to 4 days a week to spend a day (without the other person) a week spending quality time with our little-ish one.
I'd like to say we just bit the bullet and took the 20% reduction, but for us it actually worked out financially better to have the 20% less per week than pay for someone, or somewhere, for our little one to go whilst we worked.
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My wife and I have done just this. Both reduced to 4 days a week to spend a day (without the other person) a week spending quality time with our little-ish one.
I'd like to say we just bit the bullet and took the 20% reduction, but for us it actually worked out financially better to have the 20% less per week than pay for someone, or somewhere, for our little one to go whilst we worked.