It seems way more of a stretch to have a non-regular work "week" of 8 days.
But I'm more skeptical that 5 days is too long vs 2 days is too short.
There is a gigantic difference between 2 day weekends and 3 day weekends. Literally, it's 50% longer.
From a work-week perspective, 4 days vs 5 days is only 20% shorter. And the difference is not that noticeable.
Another possible solution to achieve similar goals is to give workers ~47 Mondays and Fridays to use as vacation at their disposal.
Some people might want to have 4-day weekends for half the year. Some people might want 3-day weekends the whole year.
This is not really a logistics nightmare to plan around for non-service jobs.
Tell them you're taking the next 15 years as PTO. If they stop paying you, sue them for securities fraud.*
*Does not constitute actual advice, legal or otherwise.