It's definitely possible, and my current company were very happy to agree to 4/5 of the time for 4/5 of the salary and it's working out well for everyone. However, I've also found some organisations - that are otherwise good - to be hostile to working less than full hours. Since we work on interesting problems and they were happy to go with 80% it made it an easy task deciding which job to accept!I should add that's it's a start-up so some weeks I work more and others less. But I still have the day my kids that I wanted.
Perhaps try quietly asking your current company? They might surprise you and start a trend.
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