This wiki explains how to change position, direction and cut depth of automatic cuts.
Please follow the below steps to achieve this.
1. Automatic cuts are saved as modifications. So, open PS Properties of the shape and go to Modifications > 2D-Cuts
2. Here you can change cut depth, cut direction and the position.
3. When you select the shape now, you can move the cut along the shape direction by dragging the snap point.