The performance capabilities of an axially laminated anisotropic rotor (ALA) in a high-speed synchronous reluctance motor (SynRM) were studied. A 12 kW ALASynRM was designed as an alternative to a high-speed induction motor (IM) with a solid rotor. The electromagnetic design was implemented taking into account possible issues related to the new manufacturing methods, which require thicker rotor layers than in a typical ALA. The ALASynRM shows a higher efficiency than the corresponding IM with a smooth or slitted solid rotor equipped with copper end rings. To verify the design method, a prototype IM with a smooth solid rotor was built and tested. In the analysis, it was found that, similar to IMs, in an ALASynRM a considerable part of losses takes place in the rotor despite the absence of slip-related losses in the SynRM. The distribution of eddy current losses in the ALA rotor is significantly uneven. The torque ripple in the ALASynRM is considerably larger than the corresponding ripple in IMs.