The layered → rock-salt phase transformation in the layered dioxide cathodes for Li-ion batteries is believed to result in a "core−shell" structure of the primary particles, in which the core region remains as the layered phase while the surface region undergoes a phase transformation to the rock-salt phase. Using transmission electron microscopy, here we demonstrate the formation of an "anti-core−shell" structure in cycled primary particles with a formula of Li-Ni 0.80 Co 0.15 Al 0.05 O 2 , in which the surface and subsurface regions remain as the layered structure while the rock-salt phase forms as domains in the bulk with a thin layer of the spinel phase between the rock-salt core and the skin of the layered phase. Formation of this anti-core−shell structure is attributed to oxygen loss at the surface that drives the migration of oxygen from the bulk to the surface, thereby resulting in localized areas of significantly reduced oxygen levels in the bulk of the particle, which subsequently undergoes phase transformation to the rock-salt domains. The formation of the anti-core−shell rock-salt domains is responsible for the reduced capacity, discharge voltage, and ionic conductivity in cycled cathodes.