New Delhi, Sept. 12 -- Oracle Corp. increased the scale of its planned job cuts while the company grapples with a cash crunch tied to development of large-scale data centers for artificial intelligence work.

The company also disclosed a new share trading program for Chairman Larry Ellison, who owns about 40% of Oracle's stock. The plan, which was adopted June 22, permits Ellison to sell 50 million shares through Oct. 24, the company said in a regulatory filing. The shares closed June 22 at $175.07 - a value of $8.75 billion for 50 million shares - and have declined 16% since then through Friday's close.

Ellison has been a major financial backer of his son David's takeover last year of Paramount Global and a $110 billion bid by David Ell...