So the times you’re off on the weekends doing no work is valuable to the company because you’re recharging your mind and possibly also thinking about problems subconsciously.
I went to check my job offer, and it doesn’t mention anything about 40 hour weeks or 8 hour days.
Nowhere in my employment contract does it say that.
Realistically, I am allowed to spend up to 8 hours to work on goals that my employer says I should work on. It is also understood that if the goals are completed earlier, I am free to fill the "free" part of 8 hours with self-learning.
There's also an implicit understanding that certain life activities may happen/overlap with that free time, e.g. eating/picking up kids.
Only in the most pedantic bad take world would your statement be correct.
However, management bought 8 hours of your time and not 4 when they hired you.