A family of Microsoft word processing software products for creating web, email, and print documents.
It does seem that a change happened to Word. The Mac and Windows versions both use the same code base now, so it would be logical that both versions display the same behavior at the same update level.
There's a new build of Office for Mac 16.31 being released today. Use the Help menu and check for updates to get it. Test with that. If there was bug, perhaps others reported it already and it's been fixed.
If you want to engage with the Office team, join the Insider Fast track of the Office Insider program. You'll get the fixed version before anyone else does. But you'll be using pre-beta software that could have new, untested features in it.
Office Insiders - insider.office.com
Or you could go the other way
Uninstall Office for Mac - Office Support
Then, download and install the 16.29.1 buildof Office for Mac. When you launch an app, go to the Help menu and choose Check for Updates to launch AutoUpdate. In AutoUpdate set it to manual so it doesn't immediately put you right back to 16.30.
Thank you, Jim. Once the update drops (not seeing it yet; I'm on the Mac App Store copy), I'll test it and respond back. Thank you for the heads-up.