Time Warner Cable Inc., the second-largest US cable operator, will forgo raises for top executives this year as subscriber growth slows, hurt by the deepening recession.

No raises will be given to employees at the vice-president level or above, spokeswoman Robyn Watson said in an interview. Job cuts haven’t been discussed, she said.

The cable operator joins communications companies such as Sprint Nextel Corp. and Motorola Inc. in holding down pay to shield against slowing spending, with consumer confidence reaching a record low this month.

Time Warner Cable dropped 21 cents to $19.32 in New York Stock Exchange trading. The shares have lost 9.9 percent this year.