Li/Mn‐rich layered oxide (LMR) offers high practical discharge capacity originating from both cationic and anionic redox, but its operation is practically challenging as full capacity utilization at high cathode potentials (> 4.6 V vs Li|Li+) is intertwined with phase transformation, oxygen release, and transition metal dissolution. Dissolved TMs in particular, can deposit and damage the anode via a process known as electrode cross‐talk that decreases Li inventory due to Li plating. Given the excess in active lithium, Li‐metal anode (LMA) is frequently paired with LMR for a systematic cathode R&D, though is believed to cause inverse cross‐talk, i.e., diffusion of LMA degradation products from the solid electrolyte interphase (SEI) toward the cathode, triggering bulid‐up of resistive cathode electrolyte interphase (CEI). Indeed, a thicker, more organic‐based, and slightly resistive CEI is proven in Li‐ compared to “SEI‐poor” Li4Ti5O12 (LTO)‐based cells via X‐ray photoelectron spectroscopy, time‐of‐flight secondary ion mass spectrometry, and electrochemical techniques, which likely even decreases metal dissolution from LMR, though their practical impact on overpotential is shown to be less relevant. The capacity recovery after transferring cycled (“old”) LMR from Li cells to fresh Li cells rather points to other meaningful contributions to capacity fading than the inverse crosstalk.